Net Sales are expected to increase by 6.1 percent Q-o-Q (up 10.1 percent Y-o-Y) to Rs 645 crore, according to Centrum.
For Q3CY16, we expect Sanofi India (SIL) to report sales growth of 10% YoY and 6% QoQ to Rs6.45bn due to good growth in its flagship brands, namely, Lantus, Combiflam, Allegra, Clexane, Enterogermina, Amaryl M, Avil and Pentaxim which have reported strong growth.
Among major brands, Lantus, Cardace, Soframycin, Avil, Clexane, Frisium and Amaryl are under price control. SIL’s net profit is likely to grow 28% YoY to Rs925mn from Rs725mn due to good revenue growth and margin improvement. We expect tax rate to decline to 36.0% from 40.7%. SIL is among our top pharma picks.
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