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Earnings Call

Emcure Pharmaceuticals Earnings Call: Key Takeaways

Emcure surpassed $1 billion in revenue in FY26, growing 16.6% YoY with 41% adjusted PAT growth, driven by strong international performance and domestic expansion.

Why this was an Alfa AlertRevenue grew 16.6% to ₹9,204cr, exceeding management's own prior guidance as explicitly stated by the CEO.
Highlights
Revenue growth16.6% YoY in FY26; 16.7% in Q4.
MarginsEBITDA margin improved 80bps to 19.4% in FY26.
Order bookRobust ARV order book; healthy non-ARV pipeline.
Demand visibilityStrong across women's health, cardiac, CNS, and international markets.
Management confidenceHigh; citing 5-year strategy and AI adoption outcomes.

Growth

FY26 revenue hit ₹9,204cr (+16.6%); Domestic grew 10%; International surged 22.2%. Adjusted PAT rose to ₹1,008cr.

Outlook

FY27 guidance: low to mid-teen revenue growth; EBITDA margin expansion of 75-100bps; Capex of ₹400-425cr.

Risks

Restructuring and high attrition in Zuventus portfolio; rising raw material and freight costs due to geopolitical conflicts.

Source

Earnings Call filed with NSE, NSE: EMCURE. Summary written with AI assistance from the document.

Read the document ↗

Emcure Pharmaceuticals Ltd: key numbers

Share price
₹1,950.60
Market cap
₹37,005 Cr
Revenue (annual)
₹9,204 Cr
Net profit (annual)
₹924.4 Cr
P/E (TTM)
36.6×Sector 50.4×
Promoter holding
77.83%-0.04% QoQ
FII holding
4.87%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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