HDFC Bank Gross Margin 2010-2024 | HDB
- HDFC Bank average gross margin for 2023 was 60.03%, a 3.46% decline from 2022.
- HDFC Bank average gross margin for 2022 was 62.18%, a 3.28% decline from 2021.
- HDFC Bank average gross margin for 2021 was 64.29%, a 10.26% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.