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Frequently Asked Questions on PCD Pharma Franchise

• What is the average profit margin for pharma distributors?

  Average Profitable margin for Pharma distributor is in between 15 – 20 %.

• What documents are needed to be owned & submitted to the pharma company to get a franchise?

  Documents needed to get a Pharma franchise are:

  -Legal Drug License

  -PAN Number

  -Company Profile

  -GST Registration No.

  -Brand affidavit

• What is the GST on pharmaceuticals?

  GST Rate on medicines puts in to four parts i.e 0 %, 5%, 12%, 18%

   

  -Human blood and its components and contraceptives come under nil GST i.e. 0 % GST

  -Only pharmaceutical products made of Nicotine polacrilex gum come under 18 % GST.

  -Only a few medicines Such as ORS, INSULIN VACCINES  capped 5 %  Gst need not to change the price tags.

  -Maximum applicable GST rate is 12 % which is applicable for price-controlled drugs.

• How to start pharma franchise?

  PCD is propaganda cum distribution. For starting the pharma franchise:

  -Choose the area you want to market. Choose the best company with whom you want to do business.

  -check the company background, market position.

  -Most important thing is to check is the availability of the products i.e. the products they claim available to them or not.

  -Send the queries for the company whether they have a vacancy for pharma franchise or not.

  -Check out the term of payments of the company

  -Both the parties should go through written Terms and conditions

  -Monopoly rights should be well known for both the parties for it do take a written agreement which is very clear about the territory where you want to market the products of the company.

  -Promotional inputs by the pharmacy company like visual aids, catch cover, note pads, working bags, small gift articles, etc.

• What is the full form of PCD?

  Propaganda-Cum-Distribution

• What is PCD Pharma Franchise?

  PCD stands for Propaganda-Cum-Distribution. PCD pharma companies are those companies which provide products to their franchise partner and also the monopoly of marketing and distributorship rights for the given geographic area.