Pharma

INDUSTRY OUTLOOK:

• The Indian pharmaceuticals market witnessed growth at a CAGR of 5.64 per cent, during 2011-16.
•  The industry’s revenues are estimated to have grown by 7.4 per cent in FY17.
• By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and 6th largest market globally in absolute size.
• India’s cost of production is significantly lower than that of the US and almost half of that of Europe. It gives a competitive edge to India over others.
• Increase in the size of middle class households coupled with the improvement in medical infrastructure and increase in the penetration of health insurance in the country will also influence in the growth of pharmaceuticals sector.

Sources: Indian Brand Equity Foundation

News:

June 2017:

• Sun Pharma Net Sales are expected to decline by 2.39 percent Q-o-Q (down 16.79 percent Y-o-Y)

Quarterly Results:

Sun Pharma Quarterly Results