ECONOMY

Sanofi India Q2 Review – Another Quarter Of Controlled Costs: 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.

Sanofi India Ltd.’s Q2 CY21’s performance was yet again supported by controlled costs.

Revenue grew 11.1% y-o-y to Rs 7.9 billion but it was below our estimate of Rs 8.2 billion.

Ebitda margin improved 640 basis points y-o-y and 520bps q-o-q with lower expenses to 31.3%.

Adjusted profit after tax grew 31.6% to Rs 1.8 billion.

As per All Indian Origin Chemists and Distributors data, Sanofi India reported a y-o-y growth of 30.8% for the quarter.

In the past few years, the company’s growth and profitability was fuelled by the power brands.

Click on the attachment to read the full report:

ICICI Securities Sanofi Q2CY21 Result Update.pdf

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