CMP : 581
Target Price : 465
Cipla posted numbers lower than expected for 3QFY2017. The company
reported sales of Rs3,550cr v/s Rs3,737cr expected, registering a yoy growth of
15.6%, mainly aided by domestic formulations. Domestic at Rs1,408cr registered
a yoy growth of 19.1%, while exports at Rs2,239cr posted yoy growth of 13.7%.
On operating front, the EBITDA margi..