BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Cipla Ltd. delivered better-than-expected Q1 FY22 earnings, led by a superior product mix, operational cost efficiency, a healthy off-take of Covid-19 related products, and one-time income from the active pharma ingredient segment.
Cipla is poised to outperform the domestic formulation market and is progressing well on building a complex product pipeline for North America.
We raise our earnings per share estimate by 6%/4% for FY22E/FY23E, factoring in-
strong traction in prescription, trade generics in the domestic formulation segment,
an extended benefit from cost savings, and
lower research and development spend.
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