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Glenmark Pharma Q3 earnings: Here’s what you can expect

Updated : February 14, 2020 02:10 PM IST

Glenmark Pharma is expected to report its Q3 earnings on Friday. The company is expected to report single-digit revenue growth at around 4.7 percent. Margins could be under pressure and 15.5 percent is what the street is expecting with a profit of around Rs 177 crore.

Single-digit revenue growth is expected on account of sluggish US sales. In the last quarter, there was an increase of around $16 million on quarter-on-quarter (QoQ) basis in US sales. But in this quarter, the expectation is that there could be a decline of around $10 million on QoQ basis owing to price competition.

In terms of the India portfolio, the business is expected to be steady and see a growth of 12 percent.
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