Investor Presentaiton
Sustained Profitability Vs. Peers
Superior business model
Margins consistently higher than peers#
Gross Margin
EBITDA Margin
75%
73%
83%
82%
80%
75%
63%
61%
62%
62%
59%
60%
34%
34%
Net Margin
44%
45%
35%
34%
33%
32%
32%
41%
SUN
PHARMA
18%
29%
14%
14%
12%
13%
9%
7%
22%
20%
20%
19%
19%
17%
FY10
FY11 FY12 FY13
FY14 FY15* FY10 FY11
FY12 FY13
FY14
FY15*
FY10 FY11 FY12 FY13
FY14 FY15*
Sun Pharma
Range of Top 10 Indian Pharma Cos.
Average
Gross margin= (Net Sales - Material Cost) / Net Sales * 100
#Top 10 Indian Pharma company include Aurobindo, Cadila Healthcare,
Cipla, DRL, Glenmark, Ipca, Lupin, Ranbaxy, Torrent and Wockhardt.
Sun Pharmaceutical Industries Limited. All Rights Reserved.
FY15 numbers include the impact of Ranbaxy merger
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