Oct 27 (Reuters) – Cipla, India’s third-largest drugmaker by revenue, missed second-quarter profit estimates on Tuesday, as muted sales of generic Revlimid and stiff competition weighed on its US business.
The company’s consolidated net profit fell to 8.78 billion rupees ($92.2 million) in the quarter ended September 30, from 13.51 billion rupees a year ago.
Analysts, on average, had expected profit to fall to 9.42 billion rupees, according to data compiled by LSEG.
(Reporting by Kashish Tandon in Bengaluru; Editing by Jochelle Mendonca)
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