ECONOMY

GSK Pharma Q1 Review – Below Expectations As Margins Disappoint; Cut Estimates 8%/7%: Motilal Oswal

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

GlaxoSmithKline Pharmaceuticals Ltd.’s Q1 FY22 missed expectations due to higher marketing and promotions expenses.

The increased demand, disciplined execution, and enhanced digital capabilities led to superior revenue growth for key brands, including Calpol.

The vaccine business continues to remain subdued due to low vaccination rates.

GSK Pharma’s revenue grew 22% y-o-y to Rs 7.9 billion (estimate-Rs 8.1 billion), led by dermatology, anti-Infectives, and pain/analgesics segment.

Gross margin expanded by 40 basis point y-o-y to 61.7% due to better product mix.

Ebitda margin expanded at a higher rate to 19% due to better operating leverage, with lower employee cost, partially offset by higher other opex (up 100bp y-o-y as a percentage of sales).

Click on the attachment to read the full report:

Motilal Oswal GSK Pharma Q1FY22 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reliableuk Governmental News Finance News

Source link

Back to top button