Pfizer Q3 Review - Core Brands Growth To Rise, Valuation Attractive: Anand Rathi
A healthcare worker holds a vial of the Pfizer-BioNTech Covid-19 vaccine in a care home in Paris, France (Photographer Nathan Laine/Bloomberg)

Pfizer Q3 Review - Core Brands Growth To Rise, Valuation Attractive: Anand Rathi


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Anand Rathi Report

On its better hospitals and vaccine performances, Pfizer Ltd.’s Q3 FY21 sales grew 10.3% YoY to Rs 5.9 billion.

Its gross margin expanded 149 basis points YoY to 64.2%, while the Ebitda margin expanded 836 basis points YoY to 33.2% on account of lower promotional costs.

Lower other income and a higher tax rate reduced adjusted profit after tax growth to 19.8% (Rs 1.4 billion).

We expect sales growth of key brands (Gelusil, Prevenar-13, Becosules, Magnex, Dolonex and Meronem) to accelerate in FY22.

Click on the attachment to read the full report:

Anand Rathi Pfizer Q3FY21 Result Update.pdf


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