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Earnings Call

Glenmark Pharmaceuticals Earnings Call: Key Takeaways

Glenmark delivered strong FY26 growth, hitting gross debt-free status, yet Q4 US margins were squeezed by timing delays and fixed-cost under-absorption.

Highlights
Revenue growthFY26 consolidated revenue rose 27.5% YoY; Q4 growth at 15.8%.
MarginsFY27 EBITDA margin guided at 21-22%, up from previous levels.
Demand visibilityStrong in India and Europe; US respiratory recovery expected in FY27.
Management confidenceHigh, focused on innovative oncology pipeline and 'gross debt-free' milestone.

Growth

Consolidated revenue grew 15.8% YoY for Q4 and 27.5% for FY26, driven by a landmark $700M AbbVie deal.

Outlook

FY27 guidance targets ₹17,000-18,000cr revenue with 21-22% EBITDA margins and major oncology launches.

Risks

US market volatility, ongoing legal settlements, and geopolitical disruptions affecting supply chains in the MEA region remain key hurdles.

Source

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

Read the document ↗

Glenmark Pharmaceuticals Ltd: key numbers

Share price
₹2,380.00
Market cap
₹67,169 Cr
Revenue (annual)
₹16,983 Cr
Net profit (annual)
₹1,362 Cr
P/E (TTM)
37.4×Sector 50.4×
Promoter holding
46.65%+0.00% QoQ
FII holding
20.89%Current quarter

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

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