Cadila Healthcare Result Update: Strong US, API growth offset by domestic decline
ICICI Direct result update report on Cadila Healthcare:
Q1 revenues grew 4.1% YoY to Rs. 3640 crore (I-direct estimate: Rs. 3584 crore). US sales grew a robust 18.7% YoY to Rs. 1623 crore. Domestic formulations de-grew 11.2% YoY to Rs. 829 crore.