Alkem Labs - Beneficiary Of Strong Recovery In Acute Portfolio: ICICI Securities

An employee inspects a handful of tablets. (Photographer: Martin Leissl/Bloomberg)

Alkem Labs - Beneficiary Of Strong Recovery In Acute Portfolio: ICICI Securities

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.

ICICI Securities Report

Alkem Laboratories Ltd. has seen strong growth recovery in its acute portfolio during Q1 FY22 as per All Indian Origin Chemists and Distributors (secondary sales) data and its better than industry growth.

The anti-infectives and gastro-intestinal, the two largest therapeutic segments for Alkem Laboratories, have witnessed healthy ramp-up.

Additionally, we believe the growth in FY22E may show positive surprise considering the low base of FY21 and if the momentum of this sharp recovery in acute segments continues.

We remain positive on the long-term outlook based on sustainable growth in the domestic market and gradual scale-up in U.S. generic business coupled with an improving margin profile.

Click on the attachment to read the full report:

ICICI Securities Alkem Company Update.pdf

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