Pharma Q1 Results Review – Robust Revenue With Higher Profitability, Cost Optimisation: Axis Securities

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..Axis Securities Report.In Q1 FY25, the pharma coverage universe posted robust revenue growth of 11%/4% YoY/QoQ, driven by a strong domestic market, new launches (especially Darunavir, DDR D, gMyrbetriq, and gSpiriva), lower price erosion, gross margin expansion through cost optimisation, and growth in the U.S. base business portfolio. Ebitda margin improved by a healthy ~250 bps/120 bps YoY/QoQ amidst normalising cost inflation and stabilizing prices..The U.S. base business maintained healthy momentum, with new product launches offsetting single-digit price erosion. There is increasing focus on complex molecules as Indian companies move up the value chain..India's growth exceeded expectations, driven by field force expansion that fueled volume growth. Softening input costs and lower freight expenses contributed to improved margins. Hospitals experienced seasonally lower occupancies but saw a continuous YoY increase in average revenue per occupied bed..Click on the attachment to read the full report:.Consumer Durables, EMS Q1 Results Review - Cables, Wires Demand Continues To Remain Strong: Dolat Capital.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.

Pharma Q1 Results Review – Robust Revenue With Higher Profitability, Cost Optimisation: Axis Securities

The brokerage prefers Lupin, KIMS, and Aurobindo within the pharma sector.

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Pharma Q1 Results Review – Robust Revenue With Higher Profitability, Cost Optimisation: Axis Securities

The brokerage prefers Lupin, KIMS, and Aurobindo within the pharma sector.

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