ECONOMY

Abbott India – Sales Recovery In The Offing: ICICI Direct

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While Abbott India Ltd.’s Q4 FY21 results are not strictly comparable on a YoY basis due to pandemic related challenges in the base year, FY21 revenues grew 5.3% YoY to Rs 4,310 crore likely moderated by the decline in ‘Duphaston’ (gynaecology) sales alongside demand slowdown in some other therapies amid the pandemic.

Ebitda margins expanded 290 basis points YoY to 21.4% with an overall better operational performance.

Ebitda for the fiscal grew 21.8% YoY to Rs 922 crore.

Profit after tax was up 16.5% YoY to Rs 691 crore in line with operational performance and lower other income.

Click on the attachment to read the full report:

ICICI Direct Abbott Company Update.pdf

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