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ICICI Direct Report
Abbott India Ltd.'s Q2 FY21 results were a mixed bag.
While margins, profitability were better than our estimates, revenues were lower due to slowdown in some therapeutic areas due to extended lockdown and lower footfalls at clinics.
Revenues remained muted at Rs 1054 crore. Ebitda margins expanded 344 basis points YoY to 22.8%, mainly due to 253 basis points improvement in gross margins to 45.5% and lower other expenditure.
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