Nirmal Bang: Sun Pharma’s Revenue Growth Helps Margin Expansion In Q2
Sun Pharma headquarters in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)

Nirmal Bang: Sun Pharma’s Revenue Growth Helps Margin Expansion In Q2

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.

Nirmal Bang Report

Sun Pharmaceutical Industries Ltd.’s Q2 FY21 revenue at Rs 85,531 million is up 12.8% QoQ and 5.3% YoY given the easing of lockdowns across the world.

The highest ever quarterly revenue in the company’s history was driven by growth across geographies with rest of world markets and emerging markets growing the fastest on a QoQ basis.

We expect the revenue performance to sustain in subsequent quarters led by India business revival and ongoing ramp up in specialty portfolio.

Click on the attachment to read the full report:

Nirmal Bang Sun Pharma-Q2FY21 Result Update-4 November 2020.pdf

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