Akums Drugs & Pharmaceuticals Ltd Share Price – NSE  / BSE

Pharmaceuticals, Small Cap

This collaboration exclusively focuses on aseptic manufacturing and subsequent filling in carton packing for the ready-to-drink (RTD) market, targeting an expansive array of health and wellness products.

The electrolyte RTD market in India, valued at over Rs 1,000 crore with more than 150 million packs sold annually, is experiencing robust growth.

With a steady 10% annual increase in volume, this market sees heightened demand, particularly during the summer months, when hydration needs peak.

Simultaneously, the broader Indian RTD market is witnessing significant expansion, driven by a rising preference for functional beverages, therapeutic drinks, and wellness products.

Aseptic carton packing technology is at the forefront of this evolution. It ensures the highest standards of safety, shelf stability, and nutrient retention, meeting the evolving needs of modern consumers.

Sanjeev Jain, managing director of Akums Drugs & Pharmaceuticals, said: “With this partnership, Akums and Jagdale will deliver products that seamlessly integrate health benefits with superior Aseptic packaging technology.”

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% declined in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

The scrip shed 0.98% to currently trade at Rs 665.80 on the BSE.

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Under the agreement, Akums was granted exclusive rights to sell a selection of Caregen's products in India for the duration of the partnership. The company would also be responsible for the packaging, marketing, and selling of Caregen’s bulk products under either Caregen's trademark, Akums' trademark, or Akums' clients' trademarks.

Caregen is a global leader in peptide research and development and a global biotechnology company based in South Korea that has commercialized the unlimited expandability of its patented peptides as many innovative products.

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% declined in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

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Net profit of Akums Drugs & Pharmaceuticals rose 105.00% to Rs 65.21 crore in the quarter ended September 2024 as against Rs 31.81 crore during the previous quarter ended September 2023. Sales declined 12.54% to Rs 1033.09 crore in the quarter ended September 2024 as against Rs 1181.25 crore during the previous quarter ended September 2023.

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Akums Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 9 November 2024

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