No structural negative in Indian pharma seen, FMCG companies chasing margin: Pankaj Pandey



Indian pharma firms focus on specialty drugs amid ongoing generic pricing pressure.
FMCG players are shifting to margin-driven strategies; food segment seen growing in double digits.
Cement and hotel sectors show strong performance; auto outlook remains selectively positive.
Despite US exposure, Indian pharma doesn’t face major structural negatives, says Pankaj Pandey.

Comments