External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Sanofi offers drugs in therapies like diabetes (insulins &amp; orals), cardiology, pain, allergy and epilepsy.</li><li>Around 70% of sales stem from top seven brands.</li><li>Lantus, Allegra &amp; Combiflam are in Top 100 pharmaceutical brands in India </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Sanofi offers drugs in therapies like diabetes (insulins &amp; orals), cardiology, pain, allergy and epilepsy.Around 70% of sales stem from top seven brands.Lantus, Allegra &amp; Combiflam are in Top 100 pharmaceutical brands in India Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sanofi India - Steady Numbers, Margins Improve QoQ; Focus on Growth of Power Brands…

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

<div><div><div><div><ul><li>Investing in dominant brands: Sanofi India has been relying on the growth of dominant brands like Lantus, Toujeo, Amaryl and Allegra in the domestic portfolio.</li></ul><div><div><div><ul><li>We currently assume Lantus to come under DPCO: While the new NLEM list is yet to be finalized and there is a probability that Lantus may be included in the same.</li></ul><div><div><div><div><ul><li>Potential introduction of other insulin products in India: Sanofi’s parent company has received approval for the biosimilar version of other insulin brands in regulated markets and we believe the company would look to introduce these biosimilar versions in India too.</li></ul></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Investing in dominant brands: Sanofi India has been relying on the growth of dominant brands like Lantus, Toujeo, Amaryl and Allegra in the domestic portfolio.We currently assume Lantus to come under DPCO: While the new NLEM list is yet to be finalized and there is a probability that Lantus may be included in the same.Potential introduction of other insulin products in India: Sanofi’s parent company has received approval for the biosimilar version of other insulin brands in regulated markets and we believe the company would look to introduce these biosimilar versions in India too.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sanofi India - Beat on Margins; Strong Recovery Sequentially

<p>About the stock: Sanofi offers drugs in therapies like diabetes (insulins &amp; orals), cardiology, thrombosis, anti-infective, CNS, allergy, vitamins, minerals &amp; supplements.</p><ul><li>Lantus, Allegra &amp; Combiflam are in Top 100 pharmaceutical brands in India</li><li>Sanofi is one of the fastest growing companies in India in anti-diabetic therapy</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

About the stock: Sanofi offers drugs in therapies like diabetes (insulins &amp; orals), cardiology, thrombosis, anti-infective, CNS, allergy, vitamins, minerals &amp; supplements.Lantus, Allegra &amp; Combiflam are in Top 100 pharmaceutical brands in IndiaSanofi is one of the fastest growing companies in India in anti-diabetic therapyContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sanofi India: Decent Performance with Strong Margins

India

Sanofi India Limited manufactures pharmaceuticals and chemicals. The Company has a worldwide presence, an extensive portfolio of prescription medicines, a portfolio of vaccines, major biological products, generics medicines, consumer healthcare, animal healthcare, and has a presence in both traditional and emerging markets.

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Sanofi India (SANL IN)

Sanofi India - Steady Numbers, Margins Improve QoQ; Focus on Growth of Power Brands…

Sanofi offers drugs in therapies like diabetes (insulins & orals), cardiology, pain, allergy and epilepsy. Around 70% of sales stem from top seven...

ICICI Securities Limited

Sanofi India - Beat on Margins; Strong Recovery Sequentially

Sanofi India’s revenue declined by 2.5% YoY and came in 2.5% lower than our estimate but 7.6% higher than consensus estimate.

Nirmal Bang

Sanofi India: Decent Performance with Strong Margins

Sanofi offers drugs in therapies like diabetes (insulins & orals), cardiology, thrombosis, anti-infective, CNS, allergy, vitamins, minerals &...

ICICI Securities Limited

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