Indian Pharma Market Expands 4.5% In January; Growth Trajectory Maintained: Anand Rathi 
Holding colourful capsules strips (Photograph Bloomberg)

Indian Pharma Market Expands 4.5% In January; Growth Trajectory Maintained: 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

The Indian pharma sector has retained its growth momentum for the fifth consecutive month.

After growing 8.5% in December, it grew 4.5% in January, signalling that the post-Covid-19 recovery is in full swing.

Overall, acute therapies grew 1.4%; chronic and sub-chronic therapies, 6.1% and 8.6% respectively.

Dec volumes were down 2.9%, while the sector hiked prices 4.9% and growth from launches was back to 2.4% as the number of Covid-19 cases is now coming down.

Growth in key Covid-19 molecules like remdesivir (monthly sales: Rs 388 million) and favipiravir (Rs 159 million) is slowing. We expect healthy single-digit volume growth.

Click on the attachment to read the full report:

Anand Rathi IPM Update.pdf

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