GSK Pharma is a pharmaceutical company involved in many therapeutic areas where they provide healthcare solutions

Revenue declined 6 % YoY in 3Q to Rs.780 Cr. mainly due to recall of ranitidine products. Company reported losses of Rs 660 Cr. on account of one-time financial impairment of Rs.750 Cr. Key promoted brands formed 60% of sales as compared to 20% up until 2QFY20

Its decision to stop selling ‘Zinetac’ brand (~6% of sales) is likely to have an adverse impact on near-term growth. The recently launched ‘Nucala’ has witnessed strong traction YTD and remains one of GLXO’s promising products.

Company’s P/E may drop due to industry-wide slowdown in the anti-infective category with improved hygienic conditions and lower intensity of epidemics.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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