Sanofi India’s Analyst Call Highlights: ICICI Securities
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ICICI Securities Report
Sanofi India Ltd.’s is poised to grow owing to its high chronic exposure in the domestic market supported by strong balance sheet with deep cash reserves, and strong brand equity built over the years.
We cover the highlights from its virtual investor meet below -
The company believes that its performance has been resilient during the past few months as it was not materially affected by any breakdown of logistics or shortage of raw materials as well as higher exposure to chronic therapies (diabetic and cardiac).
Lockdown caused a postponement of elective surgeries as well as large part of ICU beds were utilized for Covid-19 patients.
This negatively affected drugs like Targocid but on the other hand inclusion of Clexane in the Covid-19 drug regime saw a sharp demand in it.
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