Pharmaceuticals
Company Sales( Figurein Crores) Adj.PAT(Figure in Crores)
Chg% Chg% |
|||||
Q3FY21E | (YoY) | (QoQ) | Q3FY21E | (YoY) | (QoQ) |
Abbott India | 1,143 | 6 | 8.4 | 200 | 7.3 | 10.9 |
Alembic Pharma | 1,441 | 19.2 | -1.1 | 255 | 9 | -23.4 |
Alkem | 2,364 | 8.3 | 0.1 | 389 | 1.9 | -17.5 |
Aurobindo Pharma | 6,310 | 7 | (-2.7) | 789 | 11.3 | -1.6 |
Biocon | 1,948 | 11.4 | 11.6 | 240 | 18.3 | 41.7 |
Cadilla | 3,848 | 6.2 | 0.4 | 450 | 25.4 | -23.4 |
Cipla | 4,803 | 9.9 | -4.7 | 543 | 40.2 | -18.3 |
Divi’s Lab | 1,671 | 19.6 | -4.5 | 456 | 26.9 | -12.3 |
Dr.Reddy’s | 5,007 | 14.2 | 2.3 | 619 | 18.4 | -25.5 |
Glenmark | 2,856 | 4.4 | -3.3 | 218 | 14.1 | -19.7 |
JB Chemicals | 518 | 20.7 | 16.7 | 90 | 35.3 | 21.3 |
Lupin | 4,011 | 6.4 | 4.6 | 366 | 236.1 | 73.6 |
Shilpa Medicare | 257 | 8.7 | -7.7 | 39 | -29.7 | -14.8 |
Sun Pharma | 8,862 | 8.7 | 3.6 | 1,090 | 19.3 | -31.5 |
Torrent pharma | 2,054 | 4.5 | 1.8 | 339 | 35 | 9.3 |
(Source: AWACS. ICICI Securities, Bloomberg,IBEF)
Key Points:
- India is the largest provider of generic drugs globally. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the
- In Q3FY21, The Indian Pharma Market has seen the growth of 6.4% in value and declined by 1.9% in volumes. on the other hand, Prices and new introductions witnessed the growth of 4.9% and 3.4%
- Data for Dec’20 shows Indian Pharma Market (IPM) had a growth rate of 3.1% in value terms over the year (MAT Dec’20). Adjusting for seasonality and free samples, industry grew at similar levels (3.2%) for the 12 months ended Dec’20. Chronic products portfolio grew at 8.5%, while acute portfolio remained flattish with a growth of 0.4% over the year in MAT
Key Categories Performance (MAT Dec, 2020)
- Anti-infectives declined 2.1%, while respiratory grew 0.2%,
- Chronic products segment continued to drive sales in the markets growing at an overall 8.5% rate with 13.4% YoY growth in cardiovascular and 7.8% YoY growth in anti-diabetic
- Gastro-intestinal and derma sales grew 2.7% and 0.7% YoY, respectively, while VMN and Neuro/CNS grew 6.6% and 5.4%,
- Pain/Analgesics, anti-neoplastics and gynaec declined 2.8%, 3.2% and 3.5% YoY,
- Urology grew 7.8%, while ophthalmology declined 8.0% YoY, respectively
Companies to Consider:
JB Chemicals: In Q3FY21, It is expected that JB chemicals would be seen an improvement of 16.7% in sales Q-o-Q that would result Growth in PAT of 21.3%. Q-o-Q
Biocon: with new product launches in the US. In Q3FY21, It is expected that Biocon could register the growth in sales of 11.6% Q-o-Q that would result Growth in PAT of 41.7%. Q-o-Q
Divi’s Lab: Led by strong demand for APIs from India. In Q3FY21,It is expected that company would report growth in sales and PAT of 19.6% Y-o-Y and 26.9% Y-o-Y
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
Elite Wealth Ltd. does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more
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