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ICICI Direct Report
Our healthcare universe (12 coverage companies) is expected to post decent YoY growth of approximately 7% to ~Rs 43930 crore led by continued chronic traction in the domestic market partly offset by a decline in U.S. formulations amid lack of meaningful new launches and a weak flu season.
Domestic growth is expected to be led by a partial recovery in the acute segment, reasonable traction in the chronic segment and Covid-19 related product sales.
U.S. formulations are expected to remain subdued amid lack of new launches and waning currency tailwinds from preceding quarters.
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