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Prabhudas Lilladher Report
Indian pharma market is gradually gaining ground around core products, as non-Covid-19 portfolio led August 2021 growth.
We expect encouraging trend to continue as Covid cases remain low with more than 50% of total adult population vaccinated (at least one dose of vaccine).
Low spread of Covid wave – three will augur well for IPM to maintain healthy growth of its core portfolio in H2 FY22E.
The growth trend of parameters like volume, value and new products of IPM were highly balanced in Aug 2021, which again indicates normalisation in the industry.
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