Chronic portfolio may help Cipla sustain growth outperformance in near term

Margin gains in the September quarter too are expected to continue

Topics
Cipla | Pharma stocks | Markets

Ram Prasad Sahu 

Led by higher sales of Covid-related drugs, Cipla reported double-digit growth in domestic sales for the third straight month. The company posted sales growth of 13.5 per cent as compared to 1.3 per cent of the Indian pharmaceutical market (IPM) sector growth.

Adjusted for the sale of the Covid drugs such as Remdesivir, growth is pegged at just under 4 per cent, which is still higher than the market growth. Average growth over the last three months has been 17.6 per cent as compared to IPM’s 5.3 per cent. While Covid-related sales might come down going ahead, analysts expect ...

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First Published: Mon, December 07 2020. 19:41 IST
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