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Ideas for Profit | Laurus Labs Q3: Improving product mix a key catalyst

March 03, 2020 / 01:37 PM IST
Ideas for Profit | Laurus Labs Q3: Improving product mix a key catalyst

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Traction in formulation business offsets adverse impact of transition in ARV-API business - China dependence for KSM is a key monitorable - Long-term growth to be led by formulations and other high margin segments Laurus Labs (CMP: Rs 413 ; Mkt Cap: Rs 4,421 crore) posted healthy sales growth in Q3 along with an uptick in margins. The ramp-up in formulation sales is commendable and is expected to improve further after it removes capacity bottlenecks in early FY21. Among the risk factors to watch for...

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