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Core brands, new launches to help Abbott India stock outperform: Analysts

Analysts expect double-digit growth for pharma major even if Q1 disappointed

Topics
Abbott India | Abbott | Pharma sector

Ram Prasad Sahu  |  Mumbai 



An Abbott company logo is pictured at the reception of its office in Mumbai
The Street will focus on the ability of the company to sustain double-digit growth after the company disappointed in Q1FY23

The stock of the country’s second-largest drug firm by market share, India, is down 13 per cent from its highs in August. Lower than expected revenues in the June quarter for the 2022-23 financial year (Q1FY23), muted margins and premium valuations led to the decline. Despite the miss, the Street believes that its chronic therapy portfolio and brands would help sustain double-digit growth ahead, as was the case in August, when it outperformed the pharmaceutical market with a growth of 14.3 per cent.

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First Published: Wed, September 14 2022. 20:49 IST

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