Indian Pharma Market’s  Growth Moderates In January After A Strong December: Motilal Oswal
An employee scoops up tablet cores for inspection at a pharmaceutical plant. (Photographer: Hannelore Foerster/Bloomberg)

Indian Pharma Market’s Growth Moderates In January After A Strong December: 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 to 4.5% YoY in January 2021 versus 8.5% in December 2020 (7.6% in Jan-20), led by price/new launches of approximately 4.9%/2.4%.

This was offset to some extent by the volume decline of 2.9% YoY in January 2021.

Gastro/vitamin-mineral-nutrients/cardiac therapies exhibited a YoY growth of 14.3%/12.2%/8.8%.

Anti-Infectives therapy declined marginally (2.7% YoY) versus 5% growth in December 2020.

Respiratory sales remained in a downtrend with a 14.1% YoY decline in January 2021.

National list of essential medicines (~16% of IPM) grew 1.8% YoY, while Non-NLEM (~84%) fell 3.6% in January 2021.

Click on the attachment to read the full report:

Motilal Oswal Pharma Sector IPM Update.pdf


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