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Sanofi India Shares Drop 4% Amidst Third Consecutive Revenue Decline
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Sanofi India Shares Plunge 4% Amid Third Consecutive Revenue Decline
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CNBC TV18
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26-02-2026, 09:35
Sanofi India Shares Plunge 4% Amid Third Consecutive Revenue Decline
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Sanofi India shares dropped 4% following its third straight quarter of revenue decline.
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The drugmaker reported a 32% year-on-year decline in net profit, reaching ₹61.7 crore.
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Revenue for the quarter fell 18% to ₹420 crore from ₹515 crore a year ago.
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Operating margins contracted by 130 basis points to 21.6%, the lowest since December 2023.
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