Pharma Q3 Preview: Indian Pharma Market Revival To Drive Earnings Growth: Nirmal Bang
Tablets sit illuminated during the film-coating process in laboratories. (Photographer Krisztian Bocsi/Bloomberg)

Pharma Q3 Preview: Indian Pharma Market Revival To Drive Earnings Growth: Nirmal Bang

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

We expect Q3 FY21 earnings for pharma names in our coverage universe to grow on a QoQ and YoY basis, led by revival in the growth in the Indian pharma market.

During the quarter, Indian Pharmaceutical Market grew in mid single digit YoY compared to low single digit in the previous quarter.

IPM trajectory is positive both on a QoQ and YoY basis. Even from a U.S. sales perspective, we expect a favourable trend on a QoQ basis.

However, we also expect partial reversal in operational cost savings to offset the benefit from the domestic business revival.

Click on the attachment to read the full report:

Nirmal Bang Pharmaceutical Sector-December 2020 Quarter Result Preview-7 January 2021.pdf

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