Sun Pharma Q3 Results Review - Specialty Scale Up To Drive Growth: Yes Securities

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..Yes Securities Report.Sun Pharmaceutical Industries Ltd.'s reported another steady quarter on back of traction in ex-Taro U.S. business aided by milestone receipts from Almirall. Management expects R&D to inch up somewhat in Q4 and is tracking at just over the high single digit revenue run rate guided for FY24.As we assess triggers over the next one-two years, Nidlegy approval in Europe and deuruxolitinib are the closest to expanding specialty pipeline which in itself is growing at a healthy pace.Domestic business to benefit from couple of in-licensing products as well as better-than-market volume growth. Expect U.S. business to sport continued momentum especially Taro even as ex-Taro generic business continues to stay lackluster amidst R&D focus on specialty assets.We resume coverage and assign 'Add' rating based on 30 times FY26 price to earning for a target price Rs 1,570. Lack of acceleration in U.S. in FY25 and FY26 would be key risks in our view..Click on the attachment to read the full report:.Paytm Locked In 20% Lower Circuit For Second Day, Wipes Out Rs 7,732 Crore.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 - Specialty Scale Up To Drive Growth: Yes Securities

Sun Pharma reported a steady set of numbers with revenue and Ebidta growth of 10% and 11.5% YoY respectively.

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