May 15 (Reuters) - Indian drugmaker Alembic Pharmaceuticals ALEM.NS posted a 29.2% rise in fourth-quarter profit on Friday, aided by strong demand for its generic drugs and new launches in its key United States market.
The drugmaker's consolidated profit rose to 2.03 billion rupees ($21.12 million) in the quarter ended March 31, from 1.57 billion rupees a year ago.
Revenue from its U.S. generics business jumped 11% to 5.64 billion rupees, driven by key product launches such as UTI treatment drug Pivya and gains in market share across select therapies.
Overall revenue rose 4.4% to 18.48 billion rupees during the quarter.
The company and several of its Indian peers that make generic drugs derive a significant share of revenue from the U.S.
Larger rivals Cipla CIPL.NS and Dr Reddy's Laboratories REDY.NS both reported weaker-than-expected fourth-quarter profits.
($1 = 96.1025 Indian rupees)
(Reporting by Devika Nair and Mridula Kumar in Bengaluru; Editing by Nivedita Bhattacharjee)
((Devika.MadhusudhananNair@thomsonreuters.com;))