Moneycontrol PRO

Lupin: Margin guidance downgrade keeps us cautious

The management of Lupin is confident of scaling back $200 million quarterly revenue run rate for US market by Q3, but at the same time, alluded to overall EBITDA margin guidance of 16-17 per cent in FY22

August 13, 2021 / 10:33 AM IST
Lupin: Margin guidance downgrade keeps us cautious

Lupin

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

Lupin’s (CMP: Rs 976; Market Cap: Rs 44,328 crore) quarterly result was weaker on account of elevated competitive pressures in the US market, which is now reflected in lower sales run rate and margin guidance downgrade. Though the company has a strong pipeline for inhalation and injectables, monetisation of the same will catch up from next fiscal. Hence, in the absence of a near-term catalyst, Lupin warrants caution as the twin risk of pricing erosion and regulatory risk have come...

  • PRO Panorama

    Moneycontrol Pro Panorama | New COVID variant gives market a heart attack

    Nov 26, 2021 / 04:18 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Market swoons, the mutating virus, LIC IPO, RIL’s clean energy bet, the Weekly Tactical, the Immunity Tracker, the Ola EV hype and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | The Harder They Fall 

    Nov 27, 2021 / 10:05 AM IST

    It’s early days yet, but stock investors are selling first and asking questions later

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers