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Motilal Oswal Report
Torrent Pharmaceuticals Ltd.’s Q1 FY22 performance was largely in line with our estimates.
Growth momentum in the domestic formulation business was offset by a muted showing in the U.S. business and a higher tax rate.
It continues to work on alternate site filings to lower the impact of U.S. Food and Drug Administration regulatory issues.
The branded generics segment in DF/Latin America/Germany is improving, with an ease in Covid-19 cases.
Torrent Pharma’s plan to make inroads into the trade generics segment would further boost growth opportunities in the DF segment.
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