Dr. Reddy's - U.S., Europe Drive Growth: Nirmal Bang

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..Nirmal Bang Report.We hosted the management of Dr. Reddy’s Laboratories Ltd. to gain insights into the current business outlook. New launches in the U.S. and the Europe are expected to drive growth going ahead.Growth in the U.S. is being led by both, the base business as well as limited volume products, with a mix of complex and non-complex filings. For the Emerging Markets, Dr. Reddy’s strategy is to focus on brand building and leveraging products developed for the U.S. and Europe. In India, emphasis is on core business and innovation in three areas: innovative assets, consumer health and digital. We like Dr. Reddy's management’s strategic decision-making ability and its enhanced focus on the Branded business. The company has acquired Meno Labs in the U.S., which will complement its Wellness and Healthcare portfolio. It has also formed a joint venture with MNCs like Sanofi (vaccine), Bayer (cardiac) and Nestle (nutraceuticals). Strong growth is expected in the generic segment in the near term in the U.S. business on the back of new launches and stable base business performance. We also like the management’s decision of focusing on Branded Generics and JVs with MNCs. We maintain our Buy rating on Dr. Reddy's with a revised target price of Rs 8,519, valuing it at 24 times PE on FY26E base EPS of Rs 345 and net present value of Rs 229 for the Revlimid opportunity..Click on the attachment to read the full report:.Westlife Foodworld - H2 To Be Better; Focus On Improving Volume: Nirmal Bang.DISCLAIMERThis 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..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dr. Reddy's - U.S., Europe Drive Growth: Nirmal Bang

Strong growth is expected in the generic segment in the near term in the U.S. business on the back of new launches and stable base business performance, says the brokerage.

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