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.
ICICI Securities Report
Glenmark Pharmaceuticals Ltd.'s Q4 FY21 performance was better than our estimates supported by recovery in U.S. sales and better profitability.
Revenue grew 3.3% YoY to Rs 28.3 billion, Ebitda margin (excluding-forex loss) improved 170 basis points to 18.5% (our estimate: 17.5%) and adjusted profit after tax increased 37.3% to Rs 2.4 billion (our estimate: Rs 1.8 billion).
India business grew 7.7% in line with the industry.
U.S. business improved 3.9% QoQ as high price erosion in its derma portfolio has stabilised mid-single digit.
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
