Back on the growth wagon: Cipla is a favourite of analysts and this week's stock pick
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Improving domestic prospects and increasing sales from the US and South Africa raise hopes for the counter.
Synopsis
Cipla reported an FCF of around Rs 3,400 crore in 2019-20 and is expected to report bigger numbers in the coming years due to increased growth rates and cost savings due to domestic synergies. This has made the company a favourite of analysts.
By Narendra Nathan, ET Bureau
4 mins read, Last Updated:
Cipla, the domestic market leader in respiratory and urology segments, did well during the second quarter of 2020-21. It reported y-o-y revenue and adjusted net profit growth of 15% and 41% respectively in this time period. Cipla has eight medicine brands amongst top 100 domestic brands and 22 among top 300 brands. This strong brand power has helped it to report domestic numbers better than the industry average.Cipla is expected to report good
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