Dolat Capital: Alkem Labs Posts In-Line Q2 Numbers, Upping The Ante With Biosimilars  

Dolat Capital: Alkem Labs Posts In-Line Q2 Numbers, Upping The Ante With Biosimilars

Tablets arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

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.

Dolat Capital Report

Alkem Laboratories Ltd. reported an in-line Q2 driven by exports and speedy recovery in India.

Despite an acute heavy portfolio, India formulations were flattish YoY, up 35% QoQ exhibiting a sharp recovery aided by double digit growth in trade generics.

U.S. (84 million dollar) was strong with 12% constant currency growth backed by new launches and market share gains.

As marketing and promotional activities resume slowly in India (approximately 70%), Ebitda margins came 120 basis points lower sequentially at 25.4%.

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Dolat Capital Alkem Laboratories Q2FY21 Result Update.pdf
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