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Sanofi India (500674) investor relations material
Sanofi India Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Underwent a major business transformation in 2025, focusing on leadership in the insulin market, sustainable growth, and digital empowerment.
Strategic focus on diabetes, leveraging innovative products like Toujeo and Soliqua, and expanding digital and AI capabilities.
Transitioned legacy cardiovascular, CNS, and oral antidiabetic drugs to a partnership model to maximize reach and growth.
Appointment of Deepak Arora as Managing Director effective 27th October 2025, bringing over 30 years of global pharma experience; Rachid Ayari steps down as Interim MD but remains CFO and Director.
Financial highlights
Diabetes segment grew 4% YTD September 2025 and 5% quarter-over-quarter; domestic sales grew 3% YTD and 2% in Q3 2025.
Export sales declined 35% YTD and 45% in Q3 2025 year-over-year, impacted by Ankleshwar site divestment and regulatory delays, but new markets like Russia and South Africa are being targeted.
Operating expenses reduced to 22% of net sales in Q3 2025, a 30% reduction versus last quarter.
Net sales margin improved from 23% to 29% in Q3 year-over-year; PBT margin rose to 29% in Q3 2025 with a 15% increase in PBT.
Interim dividend of INR 75 per share declared for YTD September.
Outlook and guidance
Focus remains on accelerating diabetes performance, especially with Toujeo and Soliqua, leveraging AI and digital tools, and operational excellence.
No major new product launches expected in 2026; organic growth from current portfolio anticipated.
Margins expected to remain stable or improve due to ongoing OpEx optimization.
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