News: Sanofi's Q4CY22 revenues declined by 2.9% QoQ to Rs 672 crore, while EBITDA margins declined 145 bps QoQ to 24.8% . Subsequently, EBITDA de-grew 8.2% YoY to Rs 167 crore. Adjusted Profit for the quarter decreased 14.5% QoQ to Rs 112 crore.
Views: Numbers were sequentially lower as expected and in line with the IQVIA data. The growth momentum in both Power brands such as Lantus, Clexane etc and ex- power brands is yet to reach to the pre-Covid level. Diabetes and cardiovascular therapies together account for more than 50% of the sales. Company continues to maintain healthy dividend payout.
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