Sanofi India Logs Weak Q4; Sequential Improvement: ICICI Securities
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ICICI Securities Report
Sanofi India Ltd.’s Q4 CY20’s performance remained weak during the quarter.
Revenue declined 12.8% YoY to Rs 7.2 billion but sequentially improved by 4.9%. Ebitda margin improved 160 basis points YoY with lower expenses but declined by 480 bps QoQ to 23.2%.
Adjusted profit after tax grew 7.4% to Rs 1.2 billion. As per All Indian Origin Chemists and Distributors data, company reported a YoY growth of 3.8% for the quarter.
In the past few years, the company’s growth and profitability was fuelled by the power brands.
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