SANDOZ-Gearing Up for Competition

EPW Research Foundation SANDOZ Gearing Up for Competition SANDOZ (INDIA), the Indian subsidiary of the Sandoz Group of Switzerland, has not performed well during the year 1993-94; it has registered only a marginal increase in net sales of 4.2 per cent and in operating profit of 5.4 per cent. In fact, the company's net profit has declined by 11.3 per cent, despite a significant reduction in tax provision by 10.3 percent and interest burden by 47.8 per cent. Even though the performance of the company has not been very encouraging, it has announced a dividend of 25 per cent as against 20 per cent last year.