Strides Pharma Q4 Results Review - Traction In U.S. Building Up: ICICI 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..ICICI Securities Report.Strides Pharma Science Ltd.’s Q4 FY24 results were driven by the launch of gSuprep in the U.S. and better traction in growth and access markets. U.S. touched annual sales of $250 million in FY24 and management expects it to rise by 14- 20% in FY25; it also aims to achieve sales of $400 million in the next three years. For FY25, management guides for 12-14% revenue growth and Ebitda between Rs 9.5-10 billion (margins of 20-22%). Strides has a strong launch pipeline for the US market in H2 FY25, which will drive overall momentum. Stelis has commercialised its drug substance division in Q4 FY24 and entered into a commercial service agreement for liraglutide with a customer, targeting launch in FY25E. We raise our earnings estimate by 24-30% for FY25/26. We upgrade the stock to Add (from Hold) with a higher target price of Rs 1,000 (Rs 710 earlier), valuing the company at 16 times FY26E earnings..Click on the attachment to read the full report:.Glenmark Pharma Q4 Results Review - Operating Performance Above Estimate; FY25 Outlook Better: 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.

Strides Pharma Q4 Results Review - Traction In U.S. Building Up: ICICI Securities

gSuprep launch in U.S. and traction in emerging markets drives beat in margin

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Strides Pharma Q4 Results Review - Traction In U.S. Building Up: ICICI Securities

gSuprep launch in U.S. and traction in emerging markets drives beat in margin

Choose a plan

Follow Us

DOWNLOAD THE APP