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Motilal Oswal Report
Indian Pharma Market grew 10.3% YoY in March 2021 versus 1.1% in February 2021 and 8.9% in March 2020.
Vitamins-minerals-nutrients/gastro/pain therapies exhibited a growth of 22.2%/21.6%/14.6% YoY.
Anti-Infectives therapy recovered, with 8.5% YoY growth compared to an 11% decline in February 2021.
Strong growth in these therapies is partly on account of higher offtake of Covid-19 related medicines on a YoY basis.
Respiratory sales are on a downtrend, with a 15.1% YoY decline in March-21 as well.
On a moving annual turnover basis, IPM growth stood at 2.1% YoY.
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