Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Emcure Pharmaceuticals Earnings Call Transcript: Key Takeaways

Emcure's Q1 FY27 results show strong performance driven by international markets and HIV (ARV) business, despite a transitional period in domestic operations following organizational restructuring and the acquisition of Sanofi and Roche portfolios.

Guidance and delivery
Revenue guidance 14.0% → 16.0% Raised by 2.0 percentage points
Management target Revenue 16.0% FY27
Highlights
Revenue growth22.8% YoY growth, heavily supported by international and ARV segments.
MarginsEBITDA margin up 50 bps to 19.7% through operating efficiencies.
Demand visibilityStrong international order book; domestic recovery expected through H2.
Management confidenceHigh; confident in organizational changes and domestic acceleration in H2.

Growth

Revenue grew 22.8% YoY; International markets surged 34.2% while India organic growth lagged at 6-8%.

Outlook

Management maintains guidance of mid-teen revenue growth and 70-100 bps EBITDA margin expansion for FY27.

Risks

Domestic growth remains subdued during the 'Zoventus' restructuring phase; gross margins pressured by business mix.

Last quarter's promises, checked

Delivered

  • Guided mid-teens FY26 revenue growth → delivered 20.4% YoY (= BEAT)
  • Guided ~100 bps EBITDA margin expansion → delivered +110 bps (= BEAT)
  • Guided healthy double-digit India growth → delivered 15.4% (= BEAT)

Partly delivered

  • Guided ~60% gross margin → delivered 59.3% (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, 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.

More from Emcure Pharmaceuticals Ltd

All →
19:00 IST BSE
Annual General Meeting

Emcure Pharmaceuticals Annual General Meeting

Emcure Pharmaceuticals held its 45th Annual General Meeting on September 21, 2026. The meeting transacted ordinary and special business, including the approval of a final dividend.

16:32 IST BSE
Employee Stock Options

Emcure Pharmaceuticals Employee Stock Options

Emcure Pharmaceuticals allotted 11,400 equity shares to employees following the exercise of vested options under the ESOP scheme. This increases the company's total issued share capital.

18:18 IST NSE
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.