JB Chemicals Analyst Meet Takeaways: ICICI Securities

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ICICI Securities Report

JB Chemicals and Pharmaceuticals Ltd. hosted an investor/analyst meet for the first time after KKR took the controlling stake in the company.

The focus of the management was clear on maintaining strong growth momentum coupled with profitability improvement.

India business would remain key priority with an expectation of 12-14% improvement in medical representative productivity.

Research and development initiatives would enhance to support increased filings in U.S. and strengthening of product portfolio across the businesses.

We remain positive considering ~45% of total revenues and ~60% of Ebitda contribution is from domestic formulations with strong growth visibility coupled with focus on improving productivity, portfolio expansion and cost optimisation.

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