Pharma Sector’s Q4 Earnings To Be Under Pressure:  Nirmal Bang
Holding colourful capsules strips (Photograph Bloomberg)

Pharma Sector’s Q4 Earnings To Be Under Pressure: Nirmal Bang

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Nirmal Bang Report

We expect Q4 FY21 earnings to be under pressure for most pharmaceutical companies in our coverage universe.

Domestic growth will be subdued due to Covid-19 and Q4 FY21 remains a seasonally weak quarter for most domestic names.

In addition, the U.S. market also did not witness any meaningful launches while overall prescriptions remained under pressure due to a renewed surge in Covid-19 cases there during the quarter.

Operational cost savings that have continued to aid pharma companies so far should reverse partially as travelling activities have begun to normalize.

Click on the attachment to read the full report:

Nirmal Bang Pharmaceutical Sector- March 2021 Quarter Result Preview-5 April 2021.pdf


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