Torrent Pharma Q1 Review - Strong Play In Branded Markets: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Torrent Pharmaceuticals Ltd.'s revenue grew by 10% YoY in Q1 FY23 to Rs 23 billion (in line) mainly driven by higher growth in branded businesses. Ebitda grew by 5% YoY to Rs 7.1 billion (in line), and Ebitda margin at 30% contracted by 140 basis points YoY on lower gross margin and higher freight cost, however expanded 400 bps on saving fixed cost due to Levittown facility closure, cost optimisation measures and price increases in branded markets as guided by management in Q4 FY22. Torrent Pharma's profit after tax of Rs 3.5 billion was in line up 7% YoY. India revenue grew by 14% in Q1 FY23 above our estimate. Strong outperformance of top brands together with new launches continue to drive market share gains across therapies..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Torrent Pharma Q1 Review - Strong Play In Branded Markets: Dolat Capital

Torrent Pharma Q1 Review - Strong Play In Branded Markets: Dolat Capital

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