Cipla Bullish For Future, Caps Speculation On Top-Level Departures

Cipla Ltd., which has emerged from a challenging third quarter, is upbeat about its growth trajectory going forward, with the US and India business tracking well as per plan. The Mumbai-based company also sought to scotch on-and-off speculation around top-management instability and the possibility of more exits in store.

Cipla, which had previously cautioned investors of significant headwinds in the second half of its 2019 financial year in the backdrop of commodity and China pricing-related issues and the “re-basing...