Executive Summary The Indian Pharmaceutical Market (IPM) sustained its growth trajectory in early 2026, recording 11.0% year-on-year (YoY) growth in February 2026, with monthly sales reaching ₹20,836 crore. The Moving Annual Total (MAT) stood at ₹2,44,277 crore, reflecting 8.4% annual growth. Growth remained broad-based across all three levers—price (+5.3%), new product introductions (+3.5%), and volume…





