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Nirmal Bang Report
In Q2 FY22, growth from Covid-19 driven products in the domestic branded formulation sales should dissipate on a QoQ basis as new Covid cases have declined sharply.
But, higher anti infective sales on account of a seasonally strong quarter should take some pressure off.
U.S. volume growth remains flattish, with a few exceptions.
Dr. Reddy's Laboratories Ltd.'s U.S. growth may be quite strong as it also is expected to benefit from new launches and ramp up in gCiprodex volumes.
gCiprodex prescription volume in the U.S. market has more than doubled in Q2 FY22.
Cipla Ltd. and Lupin Ltd. have gained meaningful market share in gBrovana and Albuterol Sulphate in the U.S. market.
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