InvestorQ : How did Cipla manage to report a sharp profit growth in a tough quarter?
Debbie Mascarenhas made post

How did Cipla manage to report a sharp profit growth in a tough quarter?

Answer
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Crowny Pinto answered.
1 month ago


Pharma major, Cipla, reported 26.6% rise in net profits at Rs.566 crore for the Jun-20 quarter. The revenues of the company were also higher by 9% at Rs.4346 crore, a solid performance on all counts. This was largely on the back of strong performance in markets like India, EMs and Europe.

For Cipla, the Indian business is a substantial chunk and it showed a 10% growth to Rs.1608 crore. The African business also grew by 10% to Rs.763 crore while other emerging markets witnessed 64% growth in total revenues at Rs.457 crore. Even as European business did well, the North American business was lower by 9% at Rs.1021 crore. In fact, the US business was the one sore spot in its overall performance.