Sanofi India Q1 Review - Cost Control Boosts Margin: ICICI Securities
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ICICI Securities Report
Sanofi India Ltd.’s Q1 CY21 performance was supported by controlled costs.
Revenue declined 7.6% year-on-year to Rs 7.3 billion but sequentially it remained stable.
Ebitda margin improved 360 basis points YoY and 290 bps quarter-on-quarter with lower expenses to 26.1%.
Adjusted profit after tax grew 24.3% to Rs 1.5 billion.
As per All India Organisation of Chemists and Druggists data, company reported a YoY growth of 2.9% for the quarter.
In the past few years, the company’s growth and profitability was fuelled by the power brands.
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