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Sanofi India (500674) investor relations material
Sanofi India Q3 2025 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 diabetes and insulin, modernizing the business model for sustainable, profitable growth, and shifting legacy cardiovascular, CNS, and oral antidiabetic drugs to a partnership model.
Digitally empowered teams and adopted AI-driven tools to enhance customer centricity, operational efficiency, and market reach, especially in Tier II/III cities.
Strategic focus on innovative diabetes products like Toujeo and Soliqua, with market expansion initiatives and public sector engagement.
Unaudited financial statements for the quarter and nine months ended September 30, 2025, were approved by the Board on October 29, 2025.
Interim dividend of ₹75 per equity share declared for 2025, with a record date of November 7, 2025.
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 as a percentage of net sales improved to 22% in Q3 2025 from 26% in Q1 2025.
Net sales margin and PBT margin improved to 29% in Q3 2025, with profit before tax up 15% year-over-year.
Nine-month profit from continuing operations was ₹2,650 million, up from ₹2,224 million year-over-year.
Outlook and guidance
Focus remains on accelerating diabetes performance, especially with Toujeo and Soliqua, leveraging AI for future growth, and prioritizing organic growth from the current portfolio.
Margins expected to remain stable or improve due to ongoing OpEx optimization and operational excellence.
No major new product launches expected in 2026.
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