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GSK Pharma Q3 Review: Motilal Oswal Lowers Target Price Despite Profit Beat — Here's Why

Considering the limited upside from current levels, the brokerage reiterates its Neutral stance on GSK Pharma.

GSK Pharma Q3 Review: Motilal Oswal Lowers Target Price Despite Profit Beat — Here's Why
GSK Pharma delivered in-line revenue for the quarter.
(Photo: Company website)
STOCKS IN THIS STORY
Glaxosmithkline Pharmaceuticals Ltd.
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NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Motilal Oswal raise its estimates on GlaxoSmithKline Pharma Ltd. by 5%/2%/2% for FY26/FY27/FY28, factoring in:

  1. ease of supply constraints of certain raw materials related to general medicines,
  2. scale-up of the specialty portfolio, and
  3. better operating leverage.

The brokerage values GSK Pharma at 35 times 12 months forward earnings to arrive at a target price of Rs 2,700.

GSK Pharma is implementing efforts toward:

  1. gaining market share in legacy products,
  2. introducing new products from the parent portfolio, and
  3. enhancing marketing efforts to reach healthcare professionals through FTF as well as digital channels.

Overall, Motilal Oswal expects a 13% earnings CAGR over FY26-28. Considering the limited upside from current levels, the brokerage reiterates its Neutral stance on the stock.

Click on the attachment to read the full report:

Motilal Oswal Gsk Pharma Q3fy26 Results Review.pdf
VIEW DOCUMENT

ALSO READ: Bajaj Electricals Q3 Review: Nirmal Bang Maintains 'Hold' Amid Pricing Pressures — Check Slashed Target Price

This report is authored by an external party. NDTV Profit 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 NDTV Profit.

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