Upward Momentum In Pharma Industry’s Sales Likely To Continue: CARE Ratings  
Holding colourful capsules strips (Photograph Bloomberg)

Upward Momentum In Pharma Industry’s Sales Likely To Continue: CARE Ratings  

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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.

CARE Ratings Research Report

The Indian pharma industry’s sales increased by 11.6% in the first three-quarters of FY21 on an average. This is based on sales data of 159 pharma companies in the industry.

The industry’s sales grew by single-digit 8.5% YoY in the June 2020 quarter which accelerated to 12.5% and 13.9% in the September 2020 quarter and the December 2020 quarter, respectively.

The 11.6% growth in industry’s sales during the period April-December 2020 was led by an increase in pharma exports from India which rose by 15.8% in the first nine months of FY21.

This was backed by easing lockdown restrictions, product launches and demand for drugs in the international market for the treatment of Covid-19.

Click on the attachment to read the full report:

CARE Ratings Update On Pharma.pdf

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