GSK Pharma Q3 Results Review - Q3 Operationally In-Line; Vaccines Off-Take On Rise: 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.GlaxoSmithKline Pharma Ltd. delivered operationally in-line Q3 FY24 performance. While YoY sales growth was lower than expected, GSK Pharma delivered better than-expected margins for the quarter. GSK Pharma continues to enhance marketing efforts toward innovative portfolio, comprising shingrix, nucala, and trelegy. It is also implementing efforts to better industry in its base portfolio. We raise our earnings estimate by 6%/3%/2% for FY24/FY25/FY26, driven by Outperforming industry trends in the general medicines category,Increased traction in the innovative portfolio, and Leveraging benefits from lower raw material costs. We value GSK Pharma at 40 times 12 M forward earnings to arrive at a price target of Rs 2,200..While The company faced headwinds on account of addition of products under National list of essential medicines, it continues to implement efforts to improve business prospects. Having said this, The company trades at 54 times FY25E earning per share of Rs 43 and 50 times FY26E EPS of Rs 47. We believe that the current valuation adequately captures the upside in earnings. We reiterate our 'Neutral' stance on the stock..Click on the attachment to read the full report:.Bond Yields To Soften With Moderating Inflation, Says RBI Governor.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.

GSK Pharma Q3 Results Review - Q3 Operationally In-Line; Vaccines Off-Take On Rise: Motilal Oswal

Efforts underway to enhance innovative products prospects.

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GSK Pharma Q3 Results Review - Q3 Operationally In-Line; Vaccines Off-Take On Rise: Motilal Oswal

Efforts underway to enhance innovative products prospects.

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