Revenue of 25 leading domestic pharma cos expected to grow 9-11 percent in current fiscal year: ICRA
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New Delhi: Revenue of 25 leading domestic pharmaceutical companies is expected to grow 9-11 per cent in the current fiscal year, as per Icra.
The projected revenue growth in 2023-24 will be primarily supported by 11-13 per cent expansion in the US market and 7-9 per cent growth in the domestic market, while revenues from the European market and emerging markets are expected to rise 11-13 per cent and 13-15 per cent, respectively, the rating agency said in a statement.
Read also: Top domestic pharmaceutical firms revenue to grow by 7-9 percent in FY24: Icra
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