Sun Pharma Q3 Results Review - Inline; India, U.S. Outperformers For The Quarter: Motilal Oswal

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.Sun Pharmaceutical Industries Ltd. delivered in-line earnings for Q3 FY24. Sun Pharma delivered robust performance in domestic formulation, specialty portfolio, U.S. generics as well as the rest of the market market. This was partially offset by subdued show in emerging markets for the quarter. The research and development expenditure remained lower than earlier guidance, partly driving better profitability for the quarter. We raise our earnings estimates for FY25/FY26 by 4%/5%, factoring-superior execution in global specialty sales,revival in growth prospects in Taro, andindustry-beating growth in the branded generics DF market. We also raise our PE multiple to 28 times (from 26 times earlier), factoring- increased contribution from specialty and branded generics portfolio,expanding specialty portfolio by adding new molecules as well as utilizing existing molecule for alternate indications, and robust acquired new drug application pipeline, comprising niche products. Accordingly, we arrive at a price target of Rs 1,635..Click on the attachment to read the full report:.Sun Pharma Q3 Results: Profit Rises 17%, In-Line With Estimates.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.

Sun Pharma Q3 Results Review - Inline; India, U.S. Outperformers For The Quarter: Motilal Oswal

Sustained growth momentum in specialty global sales

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