Indian Pharma Market Sees A Sharp Spike In Growth In March Led by Covid-19 Drugs: Motilal Oswal
An employee scoops up tablet cores for inspection at a pharmaceutical plant in Germany. (Photographer Hannelore Foerster/Bloomberg)

Indian Pharma Market Sees A Sharp Spike In Growth In March Led by Covid-19 Drugs: Motilal Oswal

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.

Motilal Oswal Report

Indian Pharma Market grew 10.3% YoY in March 2021 versus 1.1% in February 2021 and 8.9% in March 2020.

Vitamins-minerals-nutrients/gastro/pain therapies exhibited a growth of 22.2%/21.6%/14.6% YoY.

Anti-Infectives therapy recovered, with 8.5% YoY growth compared to an 11% decline in February 2021.

Strong growth in these therapies is partly on account of higher offtake of Covid-19 related medicines on a YoY basis.

Respiratory sales are on a downtrend, with a 15.1% YoY decline in March-21 as well.

On a moving annual turnover basis, IPM growth stood at 2.1% YoY.

Click on the attachment to read the full report:

Motilal Oswal Healthcare Monthly Sector Update.pdf

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