Torrent Pharma Q4 Review – In-Line Numbers; Focus On Margins, Brands To Sustain: ICICI Direct

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Torrent Pharmaceuticals Ltd.’s Q4 FY21 topline remained subdued with growth in India and Germany offset by decline in U.S. sales.

Revenues stayed flattish, down 0.5% YoY to Rs 1937 crore mainly due to 30.1% YoY decline in U.S. formulations to Rs 269 crore.

Domestic sales grew 9.8% YoY to Rs 922 crore.

Brazil de-grew 3.6% YoY to Rs 189 crore. Germany business grew a robust 23.6% YoY to Rs 267 crore.

Ebitda margins expanded 189 basis points YoY to 30.0% mainly led by better gross margin performance.

Subsequently, Ebitda grew 6.2% YoY to Rs 582 crore.

Profit after tax grew 3.2% YoY to Rs 324 crore.

Click on the attachment to read the full report:

ICICI Direct Torrent Pharma Q4FY21 Result Update.pdf


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