TRADESTATION TORRENT FULL
TRADESTATION TORRENT TORRENT

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Among others, Torrent Pharma, Macleods, Intas Pharma, Sun Pharma and Aristo sported double-digit growth in the June 2021-May 2022 period.ĭr Reddy’s Labs and Glaxo are the other top-tier companies that outgrew the industry with high single-digit sales increase.ĬIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. However, a clutch of local companies, including a few listed companies, have performed much better.Īt the top of the outlier charts is Mankind Pharma, which is a privately held company. If we consider the moving annual total for the 12 months to May 2022, the overall pharma market grew 6.3%. India Ratings and Research, a Fitch affiliate, expects mid-to-high single digit growth for the Indian pharma market during FY23 led by the price hikes (around 10% in certain categories). This was much higher than the 8-10% growth recorded during FY18-FY22.

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The decline in May 2022 is expected to be stemmed in the current month, even as the base effect will still mean drop for the quarter ending June 30.ĭuring the full financial year ended March 31, 2022, the Indian market had registered 15% sales growth. The industry had notched a staggering 47.8% year-on-year growth in May 2021 due to strong demand because of the COVID-19 outbreak. This, in turn, was due to the higher base effect during May 2021 and an inventory correction in the channel. The decline in sales volume last month was mainly attributed to lower demand for acute segment therapies such as anti-infectives, vitamins and respiratory products. The drugmakers had reported a similar 5% price rise in the previous month, too. In comparison, during April 2022, sales volume had slipped 8% and product launches had seen a 2% decline. The only positive factor for the local drugmakers was the 5% rise in prices, as per data collated by All India Chemists & Distributors (AIOCD). This was largely due to lower sales volumes that fell 6.6% and a 1.7% decline in product growth. Sales of medicines in the local market declined 3.3% from May 2021.

The Indian pharmaceutical market (IPM) reported a drop in year-on-year growth in May 2022, for the third month running, though the decline was less than what the analysts were expecting given the high base effect of the previous year.

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