Nirmal Bang: Sequent Scientific - Emerging Market Growth Outpaces Expectations
Technician at research and development department of Sequent Scientific Ltd. (Source: Company website)

Nirmal Bang: Sequent Scientific - Emerging Market Growth Outpaces Expectations

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Nirmal Bang Report

Sequent Scientific Ltd.’s Q2 FY21 revenue at Rs 3,463 million was higher than our estimate by 9.8%.

Revenue grew by 21.8% YoY and 11.6% QoQ and was led by strong growth in the Emerging Markets and active pharmaceutical ingredient sales.

EM growth (135% QoQ) was led by the integration of Zoetis portfolio and revival in demand from the Poultry segment.

Poultry demand had been subdued on account of Covid-19 concerns.

Click on the attachment to read the full report:

Nirmal Bang Sequent Scientific-Q2FY21 Result Update- 09 November 2020.pdf

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