Leading AH Companies in India: 2017-18
Some of the leading companies recorded double digit but most had high single digit growth exceeding overall market growth through expansions across species, field force and portfolios.
International / local collaborations and acquisitions of brands were other growth drivers for many companies.
Federal government introduced GST (Goods & Services Tax – single tax, replacing a plethora of complex taxes) from July 2017 and characteristic of Indian beaurocracy, there was temporary disruption more so for companies high on drugs and vaccines portfolios compared to feed supplements (many being exempt from GST).
Key themes being adopted by some of local, Indian animal health companies to grow and sustain initial successes: