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Thyrocare franchise business doing well; to fund Africa expansion via internal accruals: MD
Thyrocare is planning to fund its international expansion in Africa with its internal accruals. The company is also bidding aggressively on Indian government health tenders, with most capital allocation for the next year targeted at its expansion effort in Africa and the Middle East. Its franchise business achieved a 16% YoY growth, largely due to expansion in tier two and beyond areas. The company hopes to maintain its EBITDA margin for the remainder of the year and achieve a 12% YoY growth for the financial year.