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Motilal Oswal Report
Torrent Pharmaceuticals Ltd. delivered in-line Q2 FY21 results.
Revival in the domestic formulations and Germany businesses was offset by muted growth in the U.S. and currency headwinds in Brazil.
Reduced opex kept profitability elevated. With the outlook for India/Germany/Brazil improving, the company is expected to outperform the industry on new launches/ better traction in existing products.
Growth in the U.S. hinges on the Dahej/Indrad regulatory resolution.
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