Glenmark Pharma Q2 Results Review - India, Europe Drive Earnings: Motilal Oswal

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..Motilal Oswal Report.We largely maintain our estimates for FY25/FY26/FY27. We value Glenmark Pharmaceuticals Ltd. at 27x 12 months forward earnings to arrive at a target price of Rs 1,820. We estimate a CAGR of 11%/16%/21% in revenue/Ebitda/PAT over FY25-27. Glenmark Pharma is expanding its product pipeline in US markets in the respiratory/injectable segment. Further, it is also enhancing its differentiated offering in the branded generic space. Also, it has re-calibrated its spending on innovative research and development. It continues to make in-roads into newer markets for Ryaltris, in addition to improved traction in 41 markets. Compared to earnings decline over FY22-24, Glenmark Pharma has made a strong comeback in FY25, thanks to improved execution and the sale of its API business. The earnings growth momentum is expected to strengthen over the next three years. Accordingly, we maintain Buy on the stock..Click on the attachment to read the full report:.VRL Logistics Q2 Results Review - Revenue Inline, Strong Beat On Earnings Driven By Price Hikes: Motilal Oswal.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.

Glenmark Pharma Q2 Results Review - India, Europe Drive Earnings: Motilal Oswal

The earnings growth momentum is expected to strengthen over the next three years, hence the brokerage maintains Buy on the stock.

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Glenmark Pharma Q2 Results Review - India, Europe Drive Earnings: Motilal Oswal

The earnings growth momentum is expected to strengthen over the next three years, hence the brokerage maintains Buy on the stock.

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