Pfizer - Steady Annual Performance Despite Disturbances: ICICI Direct
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ICICI Direct Report
Pfizer Ltd.'s FY21 revenues grew 4.0% YoY to Rs 2,239 crore with hospital and vaccines business impacted amid the pandemic.
Ebitda margins expanded 520 basis points to 31.8% YoY due to a better overall operational performance.
Decline in other expenses is likely on account of lower promotional and marketing activities related expenses.
Ebitda grew 24.4% YoY to Rs 712 crore. However, profit after tax de-grew 2.3% YoY to Rs 498 crore.
Delta vis-a-vis Ebitda was due to lower other income and tax reversals in the base year.
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