bullish
Torrent Pharmaceuticals (TRP IN): Strong Domestic Foothold; US Business Reviving
391 Views01 May 2023 01:00
SUMMARY
- Torrent Pharmaceuticals (TRP IN) continues to report double-digit revenue growth from India business. Leadership positioning in chronic therapeutic areas underpinned by Curatio acquisition is driving the domestic business.
- The company expects the India business to continue its growth momentum, backed by new launch, top brand performance, increase in field force productivity, and continued performance of Curatio portfolio.
- The U.S. business also witnessed revival in FY23 after a downturn in FY22, which should provide impetus to the company’s bottom line to a great extent.
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Tina Banerjee
Global Healthcare Analyst
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