Dull Q1 for Cipla Amid Distributor 'Churn' In India

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

Cipla Ltd. reported a muted first quarter, dented by sharp distribution-related changes on the India market and certain “dispatch deferrals”, but overall management commentary remained optimistic about growth for the rest of the year and emerging opportunities in markets like China.

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