Unfavourable base drags domestic pharma sales growth to a low 3.5%!
Fri, Dec 15, 2023 5:39 PM

Unfavourable base drags domestic pharma sales growth to a low 3.5%!

A Flip by Avya Verma
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Domestic pharma sales slipped to a low-single digit in November, the lowest in 2023, after bouncing back in the previous month, pulled down by an unfavourable base and inventory destocking. The domestic pharma market reported sales growth of 3.5 percent on year in November on a high base of 15 percent. Brokerage firm Motilal Oswal Financial Services attributed the tepid growth.

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