At 13%, domestic pharma sales witness double-digit growth in July

Strong pick up in volumes led to a double-digit growth in domestic pharmaceuticals sales in July. 

Drug makers posted sales of Rs 11,926 crore last month, a growth of 13.2 per cent over the same period last year, according to data released by market research firm AIOCD-AWACS.

Overall growth in the pharmaceuticals industry in May and June was contributed by price hikes and product launches. 

Volume growth in the domestic market had turned negative in the last two months but was a big growth driver in July. In fact, volume contribution to overall sales in July was the highest since last October, industry