
Mr. Rajiv Gandhi, CEO & MD, Hester Biosciences Ltd
August 10: One of India’s leading poultry and animal vaccine manufacturing companies, Hester Biosciences Limited, has reported a consolidated net profit of Rs. 3.56 crore and Revenue from Operations of Rs. 50.70 crores for the Q1FY23. Individually, the gross margins of the vaccines and the health products have been in line with the corresponding quarter; however, the overall margins have reduced due to the increase in the proportion of health products sales which have lower gross margins compared to vaccines. Health Products sales constituted 34% of the total sales in Q1 FY23, versus 20% in Q1 FY22.
Hester Tanzania recently received regulatory approvals for four products, with two additional products under approval. Hester Tanzania has just started commercial operations, and Revenues are expected to start in Q2. Hester Nepal has registered a 16% growth in domestic revenues; however, there were no tender sales in the current quarter due to delays in tendering by FAO and other multilateral institutions.
Going further
The company is confident of arresting the de growth in Q2 as well as hopes to improve the profitability as follows:
On the vaccine side:
- The recent outbreak of Lumpy Skin Disease (LSD) in certain parts of the country since July 2022 is expected to result in additional sales in Q2 FY23.
- The Company was a successful bidder in a government tender for PPR vaccine for sheep & goats, the supplies for which will likely start from September 2022.
On the Health Product side:
It is our endeavour to improve the profitability. Over the next couple of quarters, Hester will focus on growing sales on the back of improving the sales productivity of the marketing team as well as launching new products and entering new territories.
Petcare division
The Company launched a new division for Petcare during Q1 with ten products. Activities related to market development, field force establishment and product pipeline are ongoing. Petcare Division will emerge as a steady long-term growth driver, given the increasing adoption of pets in the country.
Status on Hester’s initiatives in the Covid-19 vaccine
- The Company, in consortium with Gujarat Biotechnology Research Centre (GBRC), Government of Gujarat (GoG), has entered into a term sheet agreement with Bharat Biotech India Limited to manufacture the Drug Substance for Covaxinunder the Mission Covid Suraksha Scheme of the Government of India.
- The project is to manufacture a Drug Substance equivalent to up to 7 million doses per month.
- The construction of the BSL-3 facility is nearing mechanical completion. Planning and preparation for commissioning are ongoing. The facility is expected to be ready for commercial operation in Q3FY23.
- This facility is a multi-purpose facility to handle other micro-organisms beyond Covid-19.
Other developments
- The Company is strengthening its new product vaccine pipeline by developing new vaccines like Classical Swine Fever (CSF), Sheep Pox and an improved version of Brucella vaccines.
- The bulk antigen production capacity expansion project is completed, and trial runs are ongoing. Expansion of Fill-Finish line capacity is expected to be completed by Q4FY23. These two expansions will double the production capacity of vaccines.
- The recent notification by the Government of India to allow the manufacture and sale of Avian Influenza Inactivated vaccine, the H9N2 strain, will contribute to our sales from Q3.
If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.
I like this web blog its a master peace ! Glad I found this on google .
As a Newbie, I am permanently exploring online for articles that can benefit me. Thank you
I’m not positive where you’re getting your information, however good topic. I needs to spend a while studying much more or working out more. Thank you for magnificent info I was in search of this information for my mission.
I am now not positive the place you’re getting your info, but great topic. I must spend some time learning much more or working out more. Thank you for wonderful information I used to be in search of this information for my mission.
Hi! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone4. I’m trying to find a template or plugin that might be able to fix this problem. If you have any recommendations, please share. Thank you!
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Super-Duper site! I am loving it!! Will come back again. I am taking your feeds also
I like this web site very much, Its a real nice post to read and incur info .
I love what you guys are usually up too. Such clever work and coverage! Keep up the good works guys I’ve incorporated you guys to my blogroll.
I always was concerned in this subject and still am, thankyou for putting up.
Thank you, I’ve recently been looking for info about this topic for ages and yours is the best I have discovered till now. But, what about the bottom line? Are you sure about the source?
Very nice post and right to the point. I don’t know if this is really the best place to ask but do you guys have any ideea where to hire some professional writers? Thanks 🙂
Great post, you have pointed out some excellent points, I likewise think this s a very good website.
I was recommended this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You’re incredible! Thanks!
I’m impressed, I need to say. Actually not often do I encounter a blog that’s both educative and entertaining, and let me tell you, you’ve hit the nail on the head. Your concept is outstanding; the issue is one thing that not enough individuals are talking intelligently about. I am very pleased that I stumbled across this in my search for one thing relating to this.
most reputable canadian pharmacy
internet pharmacy
It’s hard to seek out educated people on this subject, but you sound like you realize what you’re speaking about! Thanks
Great write-up, I am regular visitor of one?¦s blog, maintain up the nice operate, and It is going to be a regular visitor for a lengthy time.
canadian pharmacies no prescription needed
Very efficiently written article. It will be valuable to anyone who employess it, including yours truly :). Keep up the good work – can’r wait to read more posts.
online pharmacy usa
prescription drugs without the prescription
Hey, you used to write wonderful, but the last several posts have been kinda boringK I miss your great writings. Past few posts are just a little bit out of track! come on!