Q1 2024 Lupin Ltd Earnings Call Transcript

Aug 04, 2023 / 10:30AM GMT
Operator

Hello. Good evening, and welcome to Lupin Limited Q1 FY '24 Earnings Conference Call. (Operator Instructions). Please note that this conference is being recorded.

I now hand the conference over to the management. Thank you, and over to you.

Vinita D. Gupta - Lupin Limited - CEO & Executive Director

Thank you. Good afternoon, folks. I'm very pleased to welcome you to our Q1 fiscal year '24 earnings call. I have with me our MD, Nilesh; as well as our CFO, Ramesh. We look forward to sharing our Q1 highlights and outlook for the fiscal year.

We are really pleased to start the new fiscal year strong with continued momentum across our major regions, improving compliance position, multiple new product approvals and improvement in operating margins. Our India business is firmly back to double-digit growth, and our U.S. business margin has continued to improve. We expect to see material improvement in the rest of this fiscal year as we launched Tiotropium and other new products in the U.S. as well as our sales force expansion in India starts

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