Pharmaceutical firm Cipla's second quarter profit is seen falling 13.4 percent year-on-year to Rs 373.34 crore on dismal operational performance. However, revenue may increase 9 percent to Rs 3,763.2 crore compared with year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Domestic business contributes 40 percent to sales and the rest is export.
The growth in revenue growth is likely on account of low base in Q2FY16 & consolidation of Invagen (recent US acquisition) sales. Export formulations are likely to grow around 12-14 percent to around Rs 2,050-2,100 crore in September quarter.
Domestic business may grow around 12-14 percent to over Rs 1,400 crore YoY, driven by respiratory segment growth. Export API sales may be muted with a 3-4 percent growth YoY.
Operating profit is likely to decline 16.1 percent year-on-year to Rs 662.3 crore and margin may shrink 527 basis points to 17.6 percent in Q2 due to lower Nexium sales.
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