Pharma Q2 Earnings Preview - IPM To Drive Growth, U.S. On Slow Progression: Prabhudas Lilladher

Pharma Q2 Earnings Preview - IPM To Drive Growth, U.S. On Slow Progression: Prabhudas Lilladher

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Prabhudas Lilladher Report

We expect Q2 FY22E revenue/Ebitda/profit before tax of pharma companies under our coverage to grow by 5%/11%/12% YoY, while diagnostic companies to report 20%/17%/17% YoY growth.

Growth is largely driven by increased traction in domestic market and robust growth from Ex-U.S./Europe market.

Declining Covid-19 portfolio revenue is indicating higher normalisation in the economy thereby resulting in opening up of travel destinations and other major segments.

We believe that ease in RT/PCR tests will remain intact, while demand for core tests may increase with digitalisation in diagnostic segment.

Similarly, as vaccination ratio improves, less impact is expected from newer Covid-19 wave.

Click on the attachment to read the full report:

Prabhudas Lilladher Pharma Q2FY22 Earnings Preview.pdf
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