Centrum: Impact Of Covid-19 Pandemic On Pfizer’s Fourth Quarter; Revenue Drops By 6% YoY

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Pfizer’s fourth quarter for fiscal 20 results were below Centrums Broking’s estimates largely due to lower sales and EBITDA. Revenues declined by 6% YoY. The adjusted growth for the quarter and year ended March 31, 2020 would have been 3.5% and 5.8% respectively. The current quarter sales have been impacted by divesture of rights and interests in certain brands and the Covid-19 pandemic. The costs have been largely similar or lower except the employee costs which short up 24% YoY in fourth quarter. Gross margins for the quarter stood at 61.9% Vs 65.7% YoY Vs 62.7% quarter on quarter basis.Prevenar 13 accounts for approximately 16% of sales, potential risk of NLE. The only vaccine brand from Pfizer India portfolio, that continues to hold the highest market share in a two-player private pneumococcal vaccine market. The brand may face some growth struggle, considering the anticipated risk of pneumococcal vaccines under the government’s UIP program could bring price regulation. This brand contributes nearly 16% of sales and any risk to its price would hurt that year’s profit and loss. As a risk mitigation plan the management has improved it's focus on marketing the Prevnar vaccine for adult patients in India (only player approved for this indication globally).Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Centrum: Impact Of Covid-19 Pandemic On Pfizer’s Fourth Quarter; Revenue Drops By 6% YoY

Centrum: Impact Of Covid-19 Pandemic On Pfizer’s Fourth Quarter; Revenue Drops By 6% YoY

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