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Alkem Laboratories Ltd.’s Q4 impacted due to inventory provision (Rs 800 million) in the U.S., primarily Ibuprofen.
Adjusting this Ebitda margins are at ~17% versus expectation of 18%.
U.S. sales (down 10% YoY at $74 million) was impacted due to:
Loss in market share of acute products
While FY21 Ebitda margins were positive (~9-10%) for the U.S., Q4 FY21 saw negative margins on account of the write-off.
India business (up 17% YoY) was marginally lower versus expectations due to delay in hospital products growth.
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