Lupin Q3 Results Review - Growth From All Major Geographies: 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.Lupin Ltd.'s Q3 FY24 performance was better than our estimates as well as consensus estimates on all fronts. Growth was led by India (as major therapeutic segments outperformed IPM), Europe, the Middle East and Africa region (driven by partnered business and inhalation business), rest of the world (driven by generic ramp-up) and U.S. business, which saw a strong uptick in revenue on the back of higher than-expected revenue from Spiriva, which is expected to normalize in the coming quarters.The U.S. business continued its upward trajectory, growing by ~20% YoY to $212 million. Lupin has guided for ~$200 million quarterly run rate in the U.S. business on the back of new launches, largely supported by Spiriva. Domestic business grew by ~13% YoY. ROW and EMEA regions grew by ~71% YoY and 36% YoY, respectively..Click on the attachment to read the full report:.Emami Q3 Results Review - Volume Muted; Rural Recovery A Key Monitorable: 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.

Lupin Q3 Results Review - Growth From All Major Geographies: Nirmal Bang

Return on capital employed is expected to remain reasonable at 13.7% in FY25E.

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Lupin Q3 Results Review - Growth From All Major Geographies: Nirmal Bang

Return on capital employed is expected to remain reasonable at 13.7% in FY25E.

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