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Tepid Q3 For Sun But Momentum In Specialty Build-Up

 
• By Anju Ghangurde

Sun Pharma reported a decline in profits for the third quarter amid dull US and India growth and ongoing investments to prepare for a larger play in the specialty segment, where it hopes to scale up with a mix of organic and inorganic additions to its portfolio.

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India’s top-ranked drug firm, Sun Pharmaceutical Industries Ltd., reported a 5% decline in net profits at INR14.72bn ($220m) for the third quarter ended December 2016, dragged down by muted growth in India and the US.

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