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.
Motilal Oswal Report
From the peak YoY earnings growth of 48% achieved in Q3 FY21, YoY earnings growth has been on the downtrend on an aggregate basis for companies under our coverage.
We expect earnings to be flat YoY in Q2 FY22 on an aggregate basis.
Increased competitive pressure on the U.S. base business – coupled with the reduced pace of launches and lower Covid-19 related off-take is expected to drag the overall performance of the sector for the quarter.
Supply chain disruption continues to take a toll on company margins due to increased raw material costs and limited scope to pass this on to customers.
Improved doctor-patient connect in domestic formulation and the revival of non-Covid-19 medicine are expected to offset the drag, to some extent.
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