Abbott India Logs Weak Q3 Performance; Margins Stable: ICICI Securities  
The Abbott logo stands outside one of its facilities. (Photographer Tim Boyle/Bloomberg)

Abbott India Logs Weak Q3 Performance; Margins Stable: ICICI Securities  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Abbott India Ltd.’s Q3 FY21 performance was muted and lower than our estimates.

Revenue grew 1.6% YoY to Rs 10.9 billion (our estimate Rs 11.5 billion), Ebitda margin remained flat at 22.1% (our estimate 22.7%) and adjusted profit after tax declined 5.1% YoY to Rs 1.8 billion (our estimate Rs 2.0 billion).

The muted performance was due to slowdown in key products due to the challenging environment.

Near term pressures continue but recovery is on the cards with easing of lockdown.

Click on the attachment to read the full report:

ICICI Securities Abbott Q3FY21 Result Update.pdf

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