• search

Niche to achieve break even in 2006-07

Written by: Staff

New Delhi, Apr 4 (UNI) Niche Generic, the European subsidiary of Unichem Laboratories Ltd (ULL), is expected to achieve break even during the new financial year.

The financials of Niche were significantly enhanced by one time operating inflows earned by the company.

Currently, only a small proportion of Niche's revenue is based on products sourced from ULL's facilities in India. However, in the long term, ULL plans to meet most of Niche's requirements, thus leveraging its low cost production facilities.

ULL's investment in R&D went up to Rs 15.3 crore during 2004-05, which remains modest by industry standards.

''The company is expected to scale up its R&D expenditure substantially in the coming years,'' according to credit rating agency ICRA.

Over the next two to three years, ULL is expected to invest significantly in capacity addition and in its overseas subsidiaries so as to widen its market access.

These invesments would be funded through a mix of borrowing and internal accruals.

ULL acquired 60 per cent of equity stake in Niche Generics of UK in 2002.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more