Pharma Q1 Preview - Recovery In Chronic, Non-Covid Acute Segments To Drive Sector Growth: KRChoksey
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KRChoksey Research Report
Pharma companies are expected to continue their strong performance in Q1 FY22 due to low base effect YoY.
Higher demand for acute therapy products including for Covid-19 treatment medicines, other anti-infectives, analgesics, vitamins and gastro products, and recovering demand for chronic segments such as cardiology, will drive growth in domestic formulations side; while continued increased competition in the U.S. is likely to impact sales growth, partially.
For Q1 FY22, we expect our coverage universe to post 11.2% YoY (up 4.1% QoQ) growth in sales.
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