bullish
Zydus Lifesciences (ZYDUSLIF IN): Strong Q4 Result Driven by US Business; Forward Growth to Moderate
479 Views19 May 2023 22:37
SUMMARY
- Zydus Lifesciences Ltd (ZYDUSLIF IN) recorded 32% growth in revenue to INR50B in Q4FY23, driven by 58% YoY growth in US formulation business. India business revenue grew 11% YoY.
- US business growth was driven by volume expansion in existing products and new launches. The company has launched eight new products in the US during the quarter.
- Going ahead, growth is expected to moderate, due to high base effect. The company expects single-digit growth in the US business in FY24, slower than 28% growth recorded in FY23.
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Tina Banerjee
Global Healthcare Analyst
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