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Wockhardt’s UK Business Grows But Other Markets Underperform

Company Sees Major Growth Come From COVID-19 Vaccine Business

 
• By Akriti Seth

Wockhardt has seen a good financial fourth quarter and full year for its UK business, which contributed 41% of the company’s global revenue in Q4 FY21 and 37% to its global revenue for the financial year thanks to its COVID-19 vaccine business. However, the company’s US, India, Ireland and emerging markets businesses delivered a weak fourth quarter.

UK GBP
Wockhardt’s UK business sees a 14% growth in quarterly sales and 13% growth in annual sales • Source: Alamy

Wockhardt Limited has enjoyed significant growth in its UK business, reporting an increase of 14% in sales to INR2.61bn ($35.7m) for the firm’s financial fourth quarter ended 31 March 2021. The company also saw an annual growth of 13% in UK sales, clocking in INR10.13bn for FY21.

The pharmaceutical and biotech company, which has been one of the largest suppliers into the UK’s National Health Service for...

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