26-Oct-2026 08:48:01
Acquisition and merger
Nomura on Torrent Pharma ; Neutral, TP Rs 5030
2QFY27: Marginal headline miss but strong core Co now expects cost synergy of INR 4.5bn from JB Pharma acquisition to be realized in two years vs earlier guidance of three years TRP expects EBITDA margin to improve marginally in 2HFY27 vs 1HFY27 as JB operations stabilize