Cipla Q1 Results Review - Strong All-Round Performance: Nirmal Bang

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Cipla Ltd.'s Q1 FY25 results closely aligned with our estimates overall; revenues slightly missed our estimates, whereas there was beat on margins. Revenues missed due to distributor transitioning and improved gross margins lead to beat on margins. The U.S. business reported the highest-ever quarterly revenue of $250 million as price erosion stabilized on the back of drug shortages and the launch of generic Lanreotide and regaining of market share of Albuterol. With strong growth witnessed across major geographies, Cipla has maintained its Ebitda margin guidance for FY25 in the range of 24.5-25.5%. We remain positive about Cipla, mainly due to high contribution from the branded business, robust India franchise, healthy U.S. pipeline, decent margins and improving return ratios. The company added around 1500 MRs recently; we believe this addition to be on the chronic portfolio side and we are increasing our PE multiple from 23 to 27. We maintain Buy on Cipla with a revised target price of Rs1,876, valuing it at 27 times on FY25E base business earnings per share of Rs 69 and net present value of Rs 13.4 for the Revlimid opportunity..Click on the attachment to read the full report:.Cipla Q1 Results: Profit Rises 18%, Meets Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cipla Q1 Results Review - Strong All-Round Performance: Nirmal Bang

The brokerage remains positive about Cipla, mainly due to high contribution from the branded business, robust India franchise, healthy U.S. pipeline, decent margins and improving return ratios.

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Cipla Q1 Results Review - Strong All-Round Performance: Nirmal Bang

The brokerage remains positive about Cipla, mainly due to high contribution from the branded business, robust India franchise, healthy U.S. pipeline, decent margins and improving return ratios.

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