Page 2 - Apollo Hospitals Enterprise
Apollo Hospitals hives off retail business into new firm, to hold 25% stake
Targets Rs 100 billion revenue in the next five years
 "Apollo Hospitals hives off retail business into new firm, to hold 25% stake")
Apollo Hospitals expects healthy rivalry from IHH's Fortis Healthcare bid
IHH Healthcare has sold its entire stake in AHEL last year
Apollo Hospitals aims to grow private label business in five years
Apollo Hospitals Enterprise Ltd (AHEL) is looking at increasing contribution of private labels in its pharmacy business. Private label accounts to around 6.5 per cent of the pharmacy business at present and the company is envisaging to take this up to 20 per cent of the business in five years, said a senior mangement official. Adding new products to the private label portfolio, with focus on health and wellness products, and tie up with international brands are some of the strategies to achieve the aim. It already has tied up with UK-based health and wellness stores major Holland & Barret International and would look at similar tie ups in future."The private label business is currently 6.5 per cent, but our aim is to take it to over 20 per cent in next few years," said Akhileswaran Krishnan, chief financial officer of AHEL.The road map is to add more products and the company has specific product lines which it can expand over a period of time. Another focus would be on more tie ...
 "Apollo Hospitals aims to grow private label business in five years")
Apollo Hospitals hits 34-month low
The stock slipped 7% to Rs 1,069, its lowest level since October 23, 2014 on BSE in intra-day trade.
