Pharma Q4 Results Preview - U.S. Pricing Pressure Eases; Margins Improve: 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.Our pharma coverage universe’s revenue is expected to grow by ~12% YoY, driven by pick-up in U.S. sales, boosted by gRevlimid and gSpiriva and favourable currency movements. Domestic growth is expected to be supported by the Acute segment and price hike in Chronic therapies. We expect the Chronic therapies to grow by more than 10%. Margins are expected to improve YoY on the back of a better product mix, price hike benefits in branded markets and normalising cost inflation. Also, diminishing U.S. pricing pressure will support margins. Growth in domestic formulations is expected to moderate to ~10% YoY (Excluding Mankind) even as new launches and price hikes provide support. U.S. is expected to grow by ~10% YoY in constant currency terms mainly on the back of gRevlimid and gSpiriva and new launches, but it is expected to remain almost flat QoQ. Also, the softer raw material prices are supporting U.S. growth..Click on the attachment to read the full report:.Cement Q4 Results Preview - Modest Volume Growth; Price Pressures Hurt Profitability: Systematix.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 Q4 Results Preview - U.S. Pricing Pressure Eases; Margins Improve: Nirmal Bang

Among the large caps, all coverage companies are expected to report decent set of numbers

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