Abbott India Q4 Review - Revenue Growth Starts Recovering: ICICI Securities
The Abbott logo stands outside one of its facilities. (Photographer Tim Boyle/Bloomberg)

Abbott India Q4 Review - Revenue Growth Starts Recovering: 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 Q4 FY21 performance was better than our estimates with revenue growing 14.0% YoY to Rs 10.9 billion (our estimate: Rs 10.2 billion).

Ebitda margin improved 440 basis points YoY to 18.8% (our estimate: 18.4%) and adjusted profit after tax grew 37.4% YoY to Rs 1.5 billion (our estimate: Rs 1.5 billion).

The strong performance was due to traction in key products with fall in Covid-19 cases.

Near-term pressures continue with rising cases but expect recovery with ongoing vaccination.

We remain positive on the company considering its exposure exclusively in domestic formulations, strong balance sheet with deep cash reserves, high return ratios and strong brand equity built over the years.

Click on the attachment to read the full report:

ICICI Securities Abbott_Q4FY21 Results Update.pdf

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