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Motilal Oswal Report
The India pharma market grew 11.2% YoY in July 2024 (versus 6.9% in June-24 and 6.8% in July 2023). The growth in July 2024 was driven by strong seasonality. The acute therapies registered 11% YoY growth in July-24 versus 5% growth in July 2023.
Expect respiratory/gynaec, all other therapies registered double-digit growth during July-24. Interestingly, Ophthal recorded a decline of 7.7% YoY in July-24.
For the 12-month ending in July-24, IPM grew 8% YoY. This growth was led by price/new launches, which contributed +4.3% YoY/2.7% YoY to the overall growth over the same period.
Of the top 10 brands, LIV-52 /ZERODOL-SP/PAN-D registered a high double-digit growth of 28%/26%/24% YoY to Rs 610 million/Rs 540 million/Rs 550 million in July-24.
Of the top 40 brands, Mixtard/Dexorange posted a decline of 5%/2% YoY in July-24.
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