Granules India Q4 Review - Growth Momentum Sustains But Challenges Ahead: ICICI Direct
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ICICI Direct Report
Despite Covid-19 impediments such as logistics disruption, raw material shortages and lower capacity utilisation, Granules India Ltd.'s Q4 revenue grew 33.2% YoY to Rs 799 crore driven by new launches and higher market share of existing products.
Finished dosage drugs grew 34% YoY to Rs 461 crore due to increased volumes.
Active pharmaceutical ingredients grew 9.1% to Rs 194 crore amid new customer additions.
Pharmaceutical formulation intermediates grew 85% to Rs 144 crore on a low base tracking increased market penetration and new customer additions.
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