Sanofi’s Q3CY22 revenues declined 1.1% QoQ to Rs 692 crore while EBITDA margins improved 325 bps QoQ to 26.3% . Subsequently, EBITDA grew 12.9% YoY to Rs 182 crore. Profit for the quarter increased 8.7% QoQ to Rs 131 crore
Numbers were sequentially flat as expected but there was margin expansion as the company has been hiving off low-margin businesses in the last few months. However, the growth momentum in both power brands and ex-power brands is yet to reach pre-Covid levels
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