how good is the pharmacy business?

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kartikxxx
Is pharmacy business still good when all shopkeepers/pharmacist are fighting for margins?

Is taking franchise of a pharmacy is good as compared to open ur own local chemist shop?

Any suggestion is appreciated.
Tia
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Deal Cadet Deal Cadet
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medicine business has good margins but now due to online players offering good discounts .margin is reduced as most shops give discount between 10-20%

Post Mogul Post Mogul
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I was wondering about same .. as I see new shops being every now and then
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Generous Generous
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No Idea

Deal Cadet Deal Cadet
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You mean 'dealership' of formulation brands (drug makers)
or 'franchisee' of pharmacy brands (example; Walgreens Boots Alliance, CVS Health Corporation)?

I still see even the barely passed 'B. Pharma' graduates letting shopkeepers misuse the certificate at as less as 9000-10000₹ per month also.
(Shopkeeper shows that a qualified B. Pharma person is working at the pharmacy/ shop. It is the law of the land, to have a qualified person disburse medicines.)
Obviously the day to day counter staff are family members or others.
The on-paper B. Pharma 'employee' has often not even seen the shop, much less work there.

So if this is happening, it is HIGHLY unlikely that the 'fighting for margins' situations have gone THAT bad.

Stockists and top distributors with frontend retail operations or those retailers with good linkages
often PERMANENTLY offer 17-18% FLAT DISCOUNTS on non-OTC (non over-the-counter, non FMCG) medicines https://content.jdmagicbox.com/comp/indore/g2/0731px731.x731.180419175338.g3g2/catalogue/anu-chemist-nx-kanadia-road-indore-chemists-kexin.jpg

https://images.app.goo.gl/iYRRhmY6GoaN79FF7
Pro DealBaba Pro DealBaba
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When a chemist is sourcing medicines at 20-22% and offering at 18-20% then my friend, there is a fighting of margins.

And topic is not that who is using whoevers certificate, topic is about profitability.

Deal Cadet Deal Cadet
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medicine business has good margins but now due to online players offering good discounts .margin is reduced as most shops give discount between 10-20%

Benevolent Benevolent
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Yaha par kam se kam har ek medicine vala crorepati ha and the wholesellers are in the top richest league so you can guess about their margins.
Pro DealBaba Pro DealBaba
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Not guessing bro, on branded drug margins are very less, sourcing is at 22% max , for generic drug there is 60% margin.

Not talking about wholeseller as one has to put heavy capital in that.

M asking about retailing.

Aaj kal har 100 meter pe ek chemist shop dikh jati hai , toh log survive kaise kar rhe hai and from a newbie to start from fresh, kya vo kuch kama payega?

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Post Mogul Post Mogul
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I was wondering about same .. as I see new shops being every now and then
Pro Shopping Friend Pro Shopping Friend
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In last few years Apollo has been very aggressive towards pharmacy chain built a network of more than 5000 stores.

Pro DealBaba Pro DealBaba
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True

Deal Cadet Deal Cadet
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kartikxxx wrote:
...And topic is not that who is using whoevers certificate, topic is about profitability?...
आप शायद यह मिस कर गए, कि
स्टाफ के खर्चे, एडमिनिस्ट्रेटिव ओवरहेड्स और अन्य ओवरहेड्स के बाद भी
लोग.. साल के सवा-लाख, डेढ़-लाख रुपये तो बस 'कानूनी एम्प्लोयी' दिखाने का दे रहे हैं।
अर्थात कमाई उस लायक होगी ही।
Deal Cadet Deal Cadet
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kartikxxx wrote:
...When a chemist is sourcing medicines at 20-22% and offering at 18-20% then my friend, there IS a fighting of margins.?...
टनल विज़न, कन्फर्मेशन बायस का एक ज्वलंत उदाहरण!
यदि कोई तय कर ले (इफ़ देअर इज़ अ मेंटल ब्लॉक) की सामने जो भी (सिचुएशन, पर्सन) है.. वह गलत है और खुद की लाइन ऑफ थॉट सही..
तब ऐसे रेस्पोंस अनअपेक्षित नहीं होते।
आप के कथ्य में तथ्य का अभाव प्रतीत होता है, 🙇🏻‍♂️श्रीमान।
आप के कथनानुसार ऐसे व्यवसाय जो १८ से २० प्रतिशत छूट दे रहे हैं
वह महज २० से २२ प्रतिशत मार्जिन्स (ऑन एम. आर. पी.) पर ऑपरेट कर रहे हैं।
आप के इन निष्कर्ष अथवा इस धारणा के स्रोत की बुनियाद संदेहास्पद है (टु से द लीस्ट)।

ऑलसो नाइदर इम्प्सिटली नॉर एक्सप्लिसिटली डिड ऑय से डेट ऑल रिटेलेर्ज़ सेल एट अ डिस्काउंट।

इंफैक्ट, अ लार्ज मैजोरिटी ऑफ़ रिटेलेर्ज़ डु नॉट गिव ऐनि डिस्काउंट
Pro DealBaba Pro DealBaba
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My 3 friends and an uncle owns their own pharmacy shops, upon several discussions nd seeing their bills , i confirmed my statement that their branded meds are sourced at 20-22% (95%) , and generic comes at 60-70%.

If still  this is a mental block then what can i say

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