Lupin share price: ICICI Securities downgrades LUPIN to REDUCE, pegs target at Rs 1135
Lupin’s Q4FY21 performance was in-line with ICICI Securities expectations across all parameters. Consolidated revenues declined 1.6% to Rs 37.8 bn with EBITDA margin expanding 500 bps YoY and 70 bps QoQ to 18.7%. US revenue improved 3.7% QoQ to US $195 mn led by traction in Albuterol, despite weak flu season
ICICI Securities expect the revenue mix to improve going ahead with higher India and US sales and cost control initiatives to support further margin improvement: Reuters