Hikal Ltd is sharpening its global diversification strategy to reduce uncertainty and build a more resilient revenue base by 2030. The chemical and life-sciences specialist is actively aligning regulatory wins with broader market expansion in Japan, Brazil, and Switzerland to unlock new demand pathways and mitigate trade-policy risks.
Global market diversification drive, Swiss and European ambitions
Management commentary highlights the intent to spread revenue across geographies as a core risk-mitigation step amid tariff uncertainties and cyclical volatility that have affected traditional pharma and chemical export markets.
Hikal’s Japan and Brazil regulatory clearances are central pillars of this strategy. In Q1 FY26, management disclosed that Good Manufacturing Practices (GMP) audits by Brazil’s ANVISA and Japan’s PMDA were successfully concluded at the company’s Bangalore API facility. These clearances reinforce the company’s regulatory credibility in key markets and are intended to strengthen future market access in Latin America and Asia.
While Switzerland remains a key node in Hikal’s broader European network, regulatory compliance wins position the firm to engage with Swiss-based distributors and innovators that shape European supply chains, further diluting reliance on any one geography.
Hikal expects these approvals to broaden its order flow potential over the coming five years, as it can now bid for regulated contracts and partner with innovators and generic players in Brazil and Japan markets that traditionally impose high barriers to entry for overseas API suppliers.
Management confidence in the global outlook
Hikal’s leadership has underlined this strategic shift, emphasising that “a diversified base, global footprint, and long-standing partnerships provide resilience” amid evolving trade and tariff regimes. This comment reflects the company’s commitment to broadening its revenue mix across key regulated markets beyond the United States.
Sameer Hiremath, Vice Chairman, Hikal stated the company is bullish about 2026, noting “Demand visibility is improving, and capacity utilisation across geographies is gradually strengthening.”
