Cipla Q1 net dips 39% to ₹785.55 crore as North America business drags
Cipla's consolidated net profit for Q1 fell 39% to ₹785.55 crore, down from ₹1,291.61 crore a year earlier, primarily due to weaker sales in North America. The decline reflects challenges in the North American market, which has been a significant revenue source for the company. Cipla's Managing Director and Global CEO Achin Gupta expressed optimism for sequential growth in North America, citing an upcoming product pipeline as a potential driver.