Granules India Q4 Review - Growth Momentum Sustains But Challenges Ahead: ICICI Direct

Granules India manufacturing facility. (image Company website)

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.

Click on the attachment to read the full report:

ICICI Direct Granules India Q4FY21 Result Update.pdf


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