is expected to post healthy operational performance during the January-March quarter (Q4FY21). Earnings before interest, taxes, depreciation and amortisation (Ebitda) margins are likely to improve 431 basis points (bps) to 18 per cent due to better overall operational performance, ICICI Securities said in a result preview.
The brokerage expects adjusted profit after tax (PAT) to come in at Rs 306 crore, down 5.7 per cent year-on-year (YoY) due to the higher tax rate assumption. Revenues are expected to remain subdued, up a mere 1.8 per cent YoY at Rs 3,915 crore while US sales are expected to de-grow 8 per cent YoY due to weak flu season, high base and sequential decline in Albuterol sales to be partly offset by growth in Levothyroxine and Metformin sales, the brokerage added. India business is expected to grow 8 per cent YoY to Rs 1,288 crore, it further said.
"Lupin lost market share in Albuterol in the initial part of the quarter but has regained some of the lost market share in March. We expect low-single-digit sequential growth for Lupin. We expect US revenue growth of $6 million quarter-on-quarter (QoQ) due to modest market share gain in gLevothyroxine and new product launches, partially offset by a decline in Albuterol sales," said Emkay Global Financial Services.
The India business is expected to grow 5 per cent YoY, driven by the chronic portfolio and EBITDA margin is expected to decline 75bps QoQ as other expenses bounce back, the brokerage said in its pharma sector update.
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