FDC Q1 Review - Cost Pressure Persists: Centrum Broking

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.FDC Ltd.’s reported Q1 FY23 result, with overall sales grew by 11% YoY and 45% QoQ led by recovery in domestic acute market benefited the company. Domestic revenue grew 8% YoY and 51% QoQ, driven by strong recovery in Zifi, Electral and Enerzal. Export formulations grew by 27% YoY and 15% QoQ to Rs 546 million (11% of sales). Despite competition the demand has become stable which has driven growth the export sales. FDC's gross margins came in at 62% YoY contraction is largely on high base. Ebitda margin stood at 16% and has improved sequentially due to improving domestic on-ground activities. Profit after tax for the quarter stood at Rs 707 million down by 28% YoY. We expect the domestic recovery to remain strong on back of key products and on-going plans for entering into the derma and nutraceutical segment..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

FDC Q1 Review - Cost Pressure Persists: Centrum Broking

FDC Q1 Review - Cost Pressure Persists: Centrum Broking

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