Key Points
BENGALURU, Nov 7 (Reuters) - India's Alembic Pharmaceuticals (ALEM.NS) on Tuesday reported second-quarter profit roughly in line with estimates, as higher sales in its domestic and overseas markets offset a jump in expenses...
Analysts expected generic drugmakers to benefit from new product launches and easing price competition in the United States, from where Indian pharmaceutical companies draw the bulk of their revenue...
However, expenses rose about 10%, mainly due to higher raw material costs, which caused the company's core profit margins to shrink to 14% from 16% a year earlier...
Last month, larger peers Cipla (CIPL.NS) and Dr Reddy's Laboratories (REDY.NS) beat second-quarter profits estimates, helped by higher sales in the U.S...
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