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.
Prabhudas Lilladher Report
We expect pharmaceuticals companies under our coverage to report moderate Ebitda growth of 3% YoY (flat QoQ) led by-
high base,
lack of meaningful approvals in U.S. and
higher cost of goods sold.
Our pharma universe’s domestic business will continue to see strong traction in the quarter, growing in double-digits YoY and U.S. business may remain steady QoQ. Cost pressure to remain elevated with higher freight and cost of goods sold on YoY basis, however QoQ should be stable.
Indian rupee depreciation against U.S. dollar is marginal on QoQ and YoY basis, while appreciated again Brazilian real and euro.
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