With the easing of Covid-19-related restrictions, analysts at Emkay Global Financial Services expect the Indian Pharma Market (IPM) to grow at a high single to low double-digit rate in the coming months, implying FY21 IPM growth of mid-single digits.
“We expect a good October-December quarter (Q3FY21) for the pharma names under our coverage, with year-on-year (YoY) revenue, EBITDA and earnings growth of 9 per cent, 21 per cent and 33 per cent, respectively, the brokerage firm said in pharma Q3FY21 preview. This will be driven by good growth in the US, recovery in branded markets, continued cost savings and low base for companies such as Lupin,” the brokerage firm said in Q3FY21 preview.
Analysts at ICICI Securities expect the healthcare companies to post decent growth in revenues in Q3FY21, led by a significant revival in domestic sales and growth in US formulations led by new launches and specialty ramp-up.
Domestic growth is expected to be led by a partial recovery in the acute segment, reasonable traction in the chronic segment and Covid-related product sales, supported by sequentially higher MR footfalls. US formulations are expected to grow due to ramp-up in specialty products and new launches supported by currency tailwinds, the brokerage firm said in healthcare sector update.
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