Pharma  Sector Q3 Earnings Preview: India Growth To Recover; U.S. To Remain Stable, Says ICICI Securities  
A group of multicolored tablets for medical treatment are arranged for a photograph at a pharmacy. (Photographer: Dimas Ardian/Bloomberg)

Pharma Sector Q3 Earnings Preview: India Growth To Recover; U.S. To Remain Stable, Says ICICI Securities  

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ICICI Securities Report

We expect pharma and healthcare companies under our coverage to report moderate growth during the quarter ended December 2020.

We expect easing of lockdown to support some recovery in the acute portfolio and injectable products.

U.S. revenues may witness marginal growth sequentially led by improvement in volumes of injectables, specialty portfolio and new launches. We estimate India business to grow in high single-digit as seen in secondary sales data.

Hospitals and diagnostic centres can report significant recovery QoQ with rise in occupancy levels and pathology test volumes.

Click on the attachment to read the full report:

ICICI Securities Healthcare Q3FY21 Preview.pdf

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