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As demand soars, health & wellness brands expect 35-50% revenue growth in FY22


May 10, 2021
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Many companies have registered an uptick in sales, revenue and are tapping the digital space also
Riding on soaring sales of flagship products with the second wave of Covid-19, Health & Wellness firms are expecting a 35-50 per cent revenue growth in FY 2022.
Maheshwari Pharmaceuticals India Ltd (MPIL), a 25-year-old ayurvedic herbal pharma company based in Ghaziabad, Uttar Pradesh, sold five million units of its flagship product Amastha Awaleha (AA) in FY21 up from 3.5 million units the previous fiscal, contributing to 20 per cent of the company’s revenue of ₹36.5 crore.
The product, available in three variants and priced at ₹220-385 is described by the company as a ‘lung tonic’ for chronic bronchitis, bronchial asthma and COPD (chronic obstructive pulmonary disease) which is prescribed by doctors. ....

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