JB Chemicals On A Path Of Redefining Domestic Formulation: Prabhudas Lilladher
An employee checks capsules as they move along the production line. (Photographer: Andrey Rudakov/Bloomberg)

JB Chemicals On A Path Of Redefining Domestic Formulation: Prabhudas Lilladher

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Prabhudas Lilladher Report

JB Chemicals and Pharmaceuticals Ltd. conducted its first analyst meet post KKR acquired 54% stake in CY20.

Guided for higher share of revenue from chronic portfolio in India formulation to 60% (versus 48% in nine-months FY21) in FY23E led by -

  1. new launches and foray in new therapy,
  2. prescription share gain in existing brands
  3. medical representative productivity improvement by 12-14% from current Rs 4.5 lakhs/month and
  4. 50% capex allocation towards Indian market.

The company also guided for an increase in its U.S. filing rate to five to six abbreviated new drug applications per year (from 1-2 ANDAs) along with launches of new brands in Russian market, however India formulations to remain key growth pillar.

Click on the attachment to read the full report:

Prabhudas Lilladher JB Chemicals Company Update.pdf


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