Expect Poly Medicure to register 25 per cent growth in near future: Vinay Khattar, Edelweiss Financial Services Limited

In a chat with ET Now, Vinay Khattar, Head Research (Individual Clients), Edelweiss Financial Services Limited, shares his views on Poly Medicure. Excerpts:

ET Now: What is the kind of growth that you believe Poly Medicure will see in the near future?

Vinay Khattar: We have pencilled in about 25 per cent and there could be certain degree of upsides to these numbers. If I were to just take you through a deeper look into what the company is doing on the domestic side, it has increased its sales force significantly. The number of hospitals that it is trying to penetrate has shot up in a dramatic manner.

It has also set up an intermediate team which allows the company not only to help in establishing its brand on the domestic side, it also helps the sales force in terms of higher degree of penetration plus lot of focus in Europe will lead to higher traction there.

The dominant European player is Braun and it has recently won a legal suit against the company because of which you will see about 30 to 40 crores of additional revenue in the next 12 to 18 months. So we have pencilled in 25 per cent growth over next two years but there could be significant upsides to this number.