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.
Nirmal Bang Report
JB Chemicals and Pharmaceuticals Ltd. is one of the fastest-growing top 30 domestic branded formulations companies in India. The domestic brand business (48% of sales in H1 FY22) comprises four mega brands (Cilacar, Nicardia, Rantac and Metrogyl), which contribute more than 80% to domestic brand sales.
Export Formulations business, which is 35% of total sales, is split between USA, Russia, South Africa and Rest of World markets. There is large headroom for JB Chemicals to scale up in these geographies considering the small base there.
In South Africa and Russia, the company has front-end branded presence. Contract manufacturing of pharmaceutical lozenges, wherein the company is among the top five globally, is 10% of revenue and capacities are only 50% utilised.
The rest of the revenue pie is the active pharma ingredient segment, which is partly used in backward integration while the remaining is sold domestically or exported to regulated markets.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.