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Motilal Oswal Report
India pharma market posted a higher decline of 4.8% YoY in April 2022 versus a 2% decline YoY in March 2022.
Adjusting for Covid-19 sales in April-21, the YoY growth has been 9.2% for April-22.
The contribution from Covid drugs remained healthy at 34% for April-22 as well.
Therapy-wise, anti-infectives/respiratory/vitamin-mineral-nutrient/cardiac dragged IPM with YoY declines of 37.2% /13.7%/9.8%/0.9% YoY, respectively.
Derma/gynaec/neuro/gastro therapies grew 18.7%/15.9%/10.7%/5.2% YoY, respectively, offsetting the decline to some extent.
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