Pfizer Q3 Review - Vitamins-Minerals-Nutritionals Portfolio Continues To Grow Strong: ICICI Securities

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ICICI Securities Report

Pfizer Ltd. reported an operationally strong performance in the quarter.

Revenue grew 10.3% YoY to Rs 6.0 billion (our estimate Rs 6.0 billion) as company is benefiting from its vitamins/minerals/nutrients portfolio in the current environment.

Ebitda margin jumped 840 basis points YoY to 33.2% (our estimate 29.8%) driven by lower selling general and administrative costs and adjusted profit after tax grew 25.2% YoY to Rs 1.4 billion (our estimate Rs 1.2 billion).

We remain positive on the company’s growth visibility with exposure only in domestic formulations and strong balance sheet with deep cash reserves.

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