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Prabhudas Lilladher Report
JB Chemicals and Pharmaceuticals Ltd. conducted its first analyst meet post KKR acquired 54% stake in CY20.
Guided for higher share of revenue from chronic portfolio in India formulation to 60% (versus 48% in nine-months FY21) in FY23E led by -
- new launches and foray in new therapy,
- prescription share gain in existing brands
- medical representative productivity improvement by 12-14% from current Rs 4.5 lakhs/month and
- 50% capex allocation towards Indian market.
The company also guided for an increase in its U.S. filing rate to five to six abbreviated new drug applications per year (from 1-2 ANDAs) along with launches of new brands in Russian market, however India formulations to remain key growth pillar.
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