Sun Pharma Q1 Review - Superior Performance Across Segments Led To Strong Earnings Beat: Motilal Oswal

Sun Pharma Q1 Review - Superior Performance Across Segments Led To Strong Earnings Beat: Motilal Oswal

Signage is displayed at the Sun Pharmaceutical Industries Ltd. headquarters in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

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Motilal Oswal Report

Sun Pharmaceutical Industries Ltd.’s Q1 FY22 earnings were well above our expectation, led by over 25% growth in all segments, except active pharmaceutical ingredient.

Steady traction in the specialty portfolio, recovery in the core portfolio of branded generics, new launches in U.S. generics, and partial benefit of Covid-19-related products led to strong growth in Q1 FY22 earnings.

We remain positive on Sun Pharma on the back of:

  1. its strategy of new chemical entity-led brand building in developed markets,

  2. industry leading market share in the branded generics market of domestic formulation, emerging market, and rest of world,

  3. its complex generics pipeline and improving operating leverage.

Click on the attachment to read the full report:

Motilal Oswal Sun Pharma Q1FY22 Result Update.pdf
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