India Pharma - IPM Growth On Moderate Uptrend In September: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The India pharma market grew 8.6% YoY in September 2023 (versus 5.8% in August 2023 and 6.5% in September 2022). The growth was majorly driven by the price hikes. Gastro Intestinal/pain/respiratory grew 11%/10%/9% YoY in Sep-23. Additionally, the anti-infectives sector grew 11.6% YoY in Sep-23  gynaec/vitamins-minerals-nutrients/neuro/cardiac underperformed Indian Pharma Market by 4%/2%/1%/0.7% YoY, affecting overall performance to some extent. For the 12 months ending Sep-23, IPM grew 10.3% YoY. Prices/volume/new launches witnessed 4.6%/2.8%/2.9 % YoY growth for 12 months ending Sep-23..In Sep-23, among the top 20 corporates, Macleods (up 13.9% YoY), Ipca Laboratories Ltd. (up 13.7% YoY), and Alkem Laboratories Ltd. (up 12.5% YoY) recorded notably higher growth rates than IPM. Macleods outperformed IPM, led by anti-infective therapy (up ~22% YoY; ~29% of sales), respiratory therapy (up 25.3% YoY; ~9% of sales), and hormones (up 15% YoY; ~9% of sales). Ipca Labs outperformed IPM, with all the top five therapies registering double-digit YoY growth in Sep-23. Alkem Labs outperformed IPM, led by anti-diabetic therapy (up ~21% YoY; ~4% of sales), and gastro-intestinal (up 19% YoY; ~19% of sales).While P&G Health Ltd. saw a marginal decrease of 0.7% YoY due to a decline in several major therapies. JB Chemicals and Pharmaceuticals Ltd. reported industry-leading volume growth of 12.3% YoY on the moving annual total basis. Macleods pharma registered the highest price hike of 7.4% YoY on the MAT basis. Eris Lifesciences Ltd. posted the highest growth in new launches (up 11.6% YoY). On a quarterly basis, JB Chemicals/Ajanta Pharma/Macleods/Sun Pharmaceutical Industries Ltd. outperformed IPM, while Mankind Pharma Ltd., Lupin Ltd., Zydus Lifesciences Ltd., and Dr. Reddy’s Laboratories Ltd. underperformed IPM..Click on the attachment to read the full report:.U.S. FDA Flags One Lapse At Aurobindo Pharma's Andhra Pradesh Facility.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Pharma - IPM Growth On Moderate Uptrend In September: Motilal Oswal

On a quarterly basis, JB Chemicals/Ajanta Pharma/Macleods/Sun Pharma outperformed IPM, while Mankind Pharma, Lupin underperformed.

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