News: According to The Economic Times, Torrent Pharma is set to acquire Curatio Healthcare, a manufacturer of skincare products. Curatio has a network of 700 distributors and 6000 doctors, mainly focussed on dermatologist, gynaecologist and paediatricians. Curatio posted revenue of Rs 240 crore and EBITDA of Rs 60 crore in FY22 while this deal values Curatio at ~ Rs 2100 crore. Expected FY23 sales of Curatio is Rs 300 crore with EBITDA of Rs 60 crore.
View: Torrent's 74% of revenues is from chronic and sub-chronic therapies. With skincare market in India valued at ~ Rs 13,000 crore, this deal could enable Torrent in its maiden foray into derma/paediatric segment.
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