Sun Pharma Q3 Results Review - Strong Show In Specialty Segment: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Our FY24/FY25 earnings estimates broadly remains unchanged. Sun Pharmaceutical Industries Ltd.'s Q3 FY24 Ebitda was in line with our estimate, aided by domestic formulation and specialty sales.Overall specialty sales, gross refinings continue to remain healthy. Over last few years Sun Pharma dependency on U.S. generics has reduced and company’s growth is more functional on specialty, rest of the world and domestic pharma business that has strong growth visibility.Furthermore, acquisition of Concert Pharma along with progress of other pipelines provides visibility to Sun Pharma specialty pipeline beyond FY25.We maintain ‘Buy’ rating at target price of Rs 1640 (Rs 1280 earlier) based on 30 times (26 times earlier) FY26E earnings. Sun Pharma remains our top pick in large cap space..Click on the attachment to read the full report:.Budget 2024 Highlights: Here Are The 5 Key Takeaways From Sitharaman's Speech.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.

Sun Pharma Q3 Results Review - Strong Show In Specialty Segment: Prabhudas Lilladher

Healthy revenue growth aided by specialty and domestic formulation.

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Sun Pharma Q3 Results Review - Strong Show In Specialty Segment: Prabhudas Lilladher

Healthy revenue growth aided by specialty and domestic formulation.

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