Strong show in formulations

16 May 2024
5 Min read 
  • Granules India's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company's financials and valuations show a decline in earnings for FY24.
  •  Granules India's sales declined in some markets but showed strong growth in the US.
  •  The company's management commentary highlights new launches in the US and EU markets.
  •  Granules India's focus on scaling its FDF business and driving growth through new launches.
  •  The company's financials and valuations indicate a positive outlook for the stock.
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