GSK Pharma Q4 Review - Dermatology Outshines, Anti-Infective Business Drags: Motilal Oswal
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.
Motilal Oswal Report
GlaxoSmithKline Pharmaceuticals Ltd.’s Q4 FY21 performance was marginally below estimates, largely led by moderate YoY sales growth for the quarter.
Based on All Indian Origin Chemists and Distributors data, strong growth in the dermatology segment was offset by a weak performance from the anti-infectives and pain analgesics segments.
We raise our earnings per share estimates by 6%/7% for FY22E/FY23E, factoring in:
A robust outperformance from dermatology
Strong revival in anti-Infectives, pain analgesics, and vitamins/minerals/nutrients, partly supported by the opportunity arising from Covid-19.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.