Centrum Broking: Granules India Earnings At Inflection Point
An employee operates machinery during the manufacture of tablets at the pharmaceutical plant (Photographer Stefano Buonamici/Bloomberg)

Centrum Broking: Granules India Earnings At Inflection Point

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.

Centrum Broking Report

Amid the extraordinary times, Granules India Ltd. continues to post record quarterly performance well ahead of our estimates.

The record quarterly performance with revenue growth of 23% YoY and 17% QoQ was driven by market share expansion of existing products and new launches.

Improved product mix with pharmaceutical formulation intermediates and finished drugs backed nearly 70% of sales taking gross margins to 58% and Ebitda margins to highest ever 30%.

Also, Metformin relaunch is anticipated soon. The core five products contributed 70% of revenues this quarter.

Click on the attachment to read the full report:

Centrum Broking Granules India - Q2FY21 Results Update.pdf

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