Key takeaways from the June quarter were the single-digit growth in sales of domestic formulations, on the back of NLEM 2015 and FDC (Fixed Dose Combination) directives, and the better performance in emerging markets (on QoQ basis) and better news flow from the US market.
Domestic formulations witnessed 4.5% YoY growth during the Apr-Jun 2016 quarter (secondary data). Companies present in the space have largely outperformed industry growth, led by Abbott with 9.5% growth, Alembic Pharma with 8.8% and Lupin with 8.5%, followed by Unichem Labs (5.2%), Indoco Remedies (4.7%) and Sun Pharma (5.5%). GSK Pharma, Cadila Healthcare, Sanofi India, Dr Reddy’s Labs and Torrent Pharma were the exceptions.
Currency movements
This story is from the August 2016 edition of The Finapolis.
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This story is from the August 2016 edition of The Finapolis.
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