Pfizer Q4 Review - Margins Impacted By High Expenses: ICICI Securities
Pfizer Inc. signage is displayed outside the company’s headquarters in New York. (Photographer: Jeenah Moon/Bloomberg)

Pfizer Q4 Review - Margins Impacted By High Expenses: ICICI Securities

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ICICI Securities Report

Pfizer Ltd.'s reported performance was weak during the quarter with it missing the estimates on all fronts.

Revenue grew 6.5% YoY to Rs 5.3 billion (our estimate: Rs 5.7 billion) despite company benefiting from its vitamins/minerals/nutrients and gastro-intestinal portfolio.

Ebitda margin declined 970 basis points QoQ to 23.5% (our estimate: 30.2%) due to higher selling, general and administrative costs (up 32% QoQ).

Adjusted profit after tax declined 18.8% YoY to Rs 796 million (our estimate: Rs 1.4 billion).

Click on the attachment to read the full report:

ICICI Securities Pfizer Q4FY21 Results.pdf


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