Hikal Ltd. Diversifies Strategy into Animal Health and Personal Care
2 reports, 2 independent
Updated Sep 1
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What happened
Hikal Ltd. has recast its growth strategy to focus on diversification, capital efficiency, and higher-value chemistry. The company has formally entered the commercial supply of personal care products, following the commissioning of a new manufacturing facility at its Panoli, Gujarat site. This strategy also includes expanding into animal health.
From thehindu.com, equitybulls.com
Why it matters
The diversification aims to reduce exposure to market cycles by utilizing existing manufacturing assets and regulatory systems. Hikal Ltd. plans to apply its pharmaceutical processes to animal-health ingredients and approach multinational companies in the personal care sector.
From thehindu.com