Indian Pharma Market’s Growth Moderates Further In February: Motilal Oswal
Bottles of tablets taken for random testing are displayed. (Photographer Hannelore Foerster/Bloomberg)

Indian Pharma Market’s Growth Moderates Further In February: 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 growth moderated further to 1.1% YoY in February 2021 versus 4.5% YoY in January 2021 (12.1% in February 2020).

The gastro, derma, and vitamin-mineral-nutrient therapies exhibited growth of 9.9% YoY, 9.6% YoY, and 8.6% YoY, respectively.

The Anti-Infective therapy declined 11.3% YoY vis-a-vis decline of 2.7% YoY in January 2021.

Respiratory sales continued on the downtrend with 20.3% YoY decline in February 2021.

National List of Essential Medicines (~16% of IPM) declined 3% YoY, while non-NLEM (~84% of IPM) grew 2% YoY.

On a moving annual turnover basis, industry growth came in at 1.9% YoY.

Click on the attachment to read the full report:

Motilal Oswal Monthly Pharma Sector Update.pdf


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