India Pharma - IPM Growth In June Stabilises At 14%: Anand Rathi
Colourful capsules strips. (Photograph: Bloomberg)

India Pharma - IPM Growth In June Stabilises At 14%: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Fewer Covid-19 cases in the country have led to the India pharma market growth normalising to 14.1% in June 2021.

The sector continues to benefit from Covid-drug sales, but this will start fading in coming months if the country tackles/avoids the third wave.

Key Covid-19 molecules (remdesivir, June sales Rs 408 million; favipiravir, Rs 465 million) have declined month-on-month, respectively 47% and 80%.

June volume-driven growth was 4%, price 5.7%, and 4.4% from launches.

Acute therapy sales in June grew a strong 20.6%, while chronic and sub-chronic therapies grew 7.8% and 11.2% respectively.

For Q1 FY22 the sector grew a robust 37%: 23% volume-driven, 6.5% price-driven and 7.7% from launches.

Click on the attachment to read the full report:

Anand Rathi India Pharma Monthly Update.pdf

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