Pfizer collectively addresses 15 therapy areas in domestic formulations with a portfolio of over 150 products that include therapeutics & vaccines. The company has been continuously restructuring its portfolio in the last few years to improve the productivity of its core brands. Fourth largest multinational pharma company in India • Manufacturing facility in Goa with run rate of 1 billion tablets per annum.
OutlookDowngrade from BUY to HOLD as we keep watch on uptick in growth tempo for ex-top 10 brands and implications of the VRS scheme for field force. Valued at Rs 4810 i.e. 30x P/E on FY24E EPS of Rs 160.3.
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