Pharma Sector To Deliver Strong Q3, India-Focused Companies To Outperform, Previews Anand Rathi
An employee holds tablets on the production line at pharmaceutical plant. (Photographer: Oliver Bunic/Bloomberg)

Pharma Sector To Deliver Strong Q3, India-Focused Companies To Outperform, Previews Anand Rathi

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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.

Anand Rathi Report

Q3 FY21 is expected to have been a good quarter for Indian pharma companies. Some of the benefits from H1 FY21 are expected to have boosted growth.

Sales of the companies we cover are expected to have risen 9.2% to Rs 157 billion, driven by a strong rebound in India sales, greater demand for active pharmaceutical ingredients and stable pricing in the U.S.

Ebitda margins may be high due to less promotional and travelling expense associated with the domestic business.

We expect Ebitda margins of companies we cover to have expanded 180 basis points to 24.4% (27.6% the quarter prior).

Click on the attachment to read the full report:

Anand Rathi Healthcare Q3FY21 Results Preview.pdf

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