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Motilal Oswal Report
The Indian Pharma market (IPM) declined by 2.2% YoY in August 2020 (versus muted growth of 0.2% YoY in July 2020).
The volume decline of 9.2% YoY dragged the IPM's performance, which was offset by growth in 1. prices by 4.4% YoY, and 2. new launches by 2.5% YoY to some extent.
Therapy-wise in August 2020, anti-infective/respiratory/anti-malaria declined 11%/12.4%/19.6% YoY, while cardiac/vitamins, minerals and nutrients/anti-diabetic grew 11.5%/6.2%/1.6% YoY.
For the quarter ending August 2020, the IPM's growth was subdued at 0.2%YoY.
Volumes declined 6.6% YoY, prices grew 4.6% YoY and growth in new products was up 2.2% YoY.
National list of essential medicines (NLEM) products grew 0.8% YoY while growth in Non-NLEM products were muted YoY.
On moving annual total basis, industry growth came in at 4.1% YoY.
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