 "Lupin expects sales to grow by around 25% in next 3 yrs")
"If the past is prescriptive of the future, then we should continue to grow at the current growth levels -- clock in a minimum growth of 22-25% on all counts globally for the next three years," Lupin President (Finance & Planning) and CFO S Ramesh told PTI.
When asked which markets would drive the growth, he said: "The good thing about Lupin is that in fact, our growth has been secular. It has not been restricted to America or India, it has been across various markets."
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The Mumbai-based firm which is yet to announce its financial results for the 2012-13 fiscal had posted net sales of Rs 6,959.7 crore for the 2011-12 fiscal.
Commenting on the US market, Ramesh said Lupin is looking to sustain growth levels of up to 25% in the current fiscal.
"We believe that going forward, one could look at us sustaining growth levels in the US at the current levels, a minimum growth of 23 to 25% at the current levels for FY 2014," he added.
The company had posted net sales of Rs 2,530.3 crore for the 2011-12 fiscal in the US market.
The company, which already has 11 approvals in the oral contraceptive space in the US, recently received a favourable ruling form a US court paving the way for it to introduce a generic version of Bayer AG's Yaz tablets in American market.
Commenting on the India business, Ramesh it is likely to grow by 20% in the next three years.
"Our growth rate for the next two to three years should be between 18-20%. So, it is business as usual in India," he added.
He added that the company would continue to add new therapies to its portfolio, bolster it with new drugs, in-licensing agreements and strategic alliances with like minded peers without specifying details.
Lupin's India region sales stood at Rs 1,905.9 crore in 2011-12.