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This Article is From Feb 01, 2021

Cipla’s Cost Saving Benefit Continues To Drive Q3 Earnings: Prabhudas Lilladher 

Cipla’s Cost Saving Benefit Continues To Drive Q3 Earnings: Prabhudas Lilladher

Cipla’s Cost Saving Benefit Continues To Drive Q3 Earnings: Prabhudas Lilladher 
Tablets exit a machine. (Photographer Krisztian Bocsi/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Cipla Ltd.'s performance in recent quarter was due to -

1. Covid-19 led products in domestic market 2. launch of gAlbuterol in U.S. and 3. savings in marketing related overheads.

We believe benefit from Covid-19 products will subside gradually and core India formulations to grow in 8-10% range, while next leg of growth will be led by U.S. markets given that -

  1. launch of one inhalation product each year,
  2. further ramp-up of gAlbuterol
  3. launch of gRevlimid in FY23E and
  4. approval of Tramadol IV (injection).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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