Lower API costs should start benefiting now, to lend comfort on FY23-25 margin expansion
Analysts at IIFL Securities have analyzed import pricing for 16 key APIs/KSMs imported into India. This study shows that API import costs (weighted average) have declined marginally by 2% QoQ in Q1CY23, after having corrected 8% QoQ and 6% QoQ in Q4CY22 and Q3CY22 respectively from the peaks seen in Q2CY22.
Source: indiainfoline.com