Q1 2025 Torrent Pharmaceuticals Ltd Earnings Call Transcript

Jul 23, 2024 / 01:00PM GMT
Operator

Ladies and gentlemen, good day, and welcome to Q1 FY25 earnings conference call of Torrent Pharma Limited. (Operator Instructions) Please note that this conference is being recorded.

I, now, hand the conference over to Mr. Sudhir Menon, Chief Financial Officer and Executive Director of Finance. Thank you, and over to you, sir.

Sudhir Menon - Torrent Pharmaceuticals Ltd - Chief Financial Officer, Executive Director - Finance

Thank you. Good evening. And welcome to the first quarter earnings call for FY25. We continue to see strong performance in our branded market. Our two largest branded markets, India and Brazil, both have done well.

Brazil, while secondary sales continue to grow in double digits, primary sales got impacted this quarter due to flood in one of the provinces. And therefore, quarter two should normalize this impact. The second impact, which Brazil had was on the currency depreciation of around 5% for this quarter.

On the generic side, Germany continues to grow well. US on a rolling quarter basis is consistent, while it

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