Dull Q1 for Cipla Amid Distributor 'Churn' In India

 
• By Anju Ghangurde

A significant shake-up of distributors in the Indian market impacted Cipla’s first-quarter earnings but the firm expects to bounce back. Biosimilars in emerging markets and opportunities in China are among the growth drivers it is banking on.

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Cipla Reports Muted Q1 But Says Fundamentals Remain Strong • Source: Shutterstock

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