Pfizer – Steady Annual Performance Despite Disturbances: ICICI Direct

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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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ICICI Direct Pfizer Company Update.pdf


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