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Dolat Capital Report
Divi’s Laboratories Ltd. reported robust Q2 driven by volume growth across the product portfolio as the current quarter does not reflect any significant Covid-19 related sales.
Debottlenecking of units, backward integration, efficient technologies implementation and favourable raw materials costs led to gross margin expansion at 67%.
Management indicated that the H1 growth is sustainable and is driven by high visibility on order-book.
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