Revenues grew 9.1% YoY to Rs 298 crore. EBITDA grew 16.3% YoY to Rs 90.8 crore while EBITDA margins grew 190 bps to 30.5%. Adjusted PAT increased 15% YoY to Rs 63.7 crore
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Decent YoY growth despite Covid influence in base quarter and also significant beat on margins. Consistency of performances will be a key monitorable. P&G Health possess MNC pharma traits like strong brand stickiness, growth, earnings visibility, strong b/s etc. The key differentiator for P&G Health is that its core category is VMS and amid increasing demand for daily supplementation, company is focused on executing its strategy of offering superior brands, driving productivity, increasing reach, and improving awareness
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