KRChoksey: Pharma Sector Q2  Review - Another Good Quarter; Led By Exports And Cost Savings 
A laboratory worker filtrates liquid with pills during quality control testing. (Photographer: Alex Kraus/Bloomberg)

KRChoksey: Pharma Sector Q2 Review - Another Good Quarter; Led By Exports And Cost Savings 

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.

KRChoksey Report

Indian pharmaceutical market growth turns positive in September quarter; volume decline narrows:

• For the quarter ended September 20, the Indian pharma market reported a muted revenue growth of 1.0% YoY (vs -5.9% YoY in June quarter).

• Volume fell 6.5% YoY (vs -11.8% YoY in June quarter), price-led growth was 4.6% YoY (vs +4.5% in previous quarter) while new product launch-led growth was at 2.9% YoY (+1.4% in previous quarter). On a moving annual total basis, YoY growth in the industry was at 3.5% YoY.

• Drugs and pharmaceuticals continued to record a sharp increase in exports during the quarter and exports recorded double digit y-o-y growth during the quarter.

Click on the attachment to read the full report:

Krchoksey Research_Pharma Sector_Q2FY21 Post Earnings Review_18112020.pdf

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