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Earnings Call

Granules India Earnings Call: Key Takeaways

Granules India delivered a strong Q3FY26 with 22% YoY revenue growth, despite a temporary EBITDA loss in its Acyl-S peptide CDMO business. Operating performance improved on execution and leverage.

Highlights
Revenue growth22% YoY growth to ₹1,388 crore, driven by formulation business.
MarginsEBITDA margins improved 200bps YoY to 22.2% on better mix.
Demand visibilityStrong growth in North America and Europe formulation segments.
Management confidenceConfident, focusing on regulatory resolution and higher complexity generic launches.

Growth

Revenue grew 22% YoY to ₹1,388 crore; EBITDA margins rose by 200bps to 22.2% despite CDMO drag.

Outlook

Management expects CDMO business to turn EBITDA positive in Q4FY26 with meaningful performance improvement.

Risks

Regulatory overhang remains at Gagillapur facility; CDMO business is still in a loss-making gestation phase.

Source

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

Read the document ↗

Granules India Ltd: key numbers

Share price
₹868.65
Market cap
₹21,525 Cr
Revenue (annual)
₹5,366 Cr
Net profit (annual)
₹595.0 Cr
P/E (TTM)
32.5×Sector 50.4×
Promoter holding
37.39%-0.63% QoQ
FII holding
20.29%Current quarter

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

More from Granules India Ltd

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17:51 IST BSE
Promoter Buying

Granules India Promoter Buying

Promoter Uma Devi Chigurupati acquired 2.48 crore shares of Granules India Ltd via the open market. This transaction increases the promoter stake by 8.70%.

Promoter stake change
+8.70%
14:29 IST BSE
Other Announcement

Granules India Other Announcement

The company submitted its quarterly shareholding pattern disclosure as required by SEBI regulations for the period ended September 16, 2026.

17:39 IST BSE
Capital Structure Change

Granules India Capital Structure Change

Granules India allotted 2.49 crore equity shares to its promoter group upon warrant conversion, raising Rs. 1,461.50 Crore. This increases the company's total paid-up equity capital.

Value
₹1,462 Cr
19:42 IST BSE
Capital Structure Change

Granules India Capital Structure Change

Granules India received Rs. 1,093 crore from the Promoter group, representing the balance 75% subscription for the conversion of 2.49 crore warrants into equity shares.

Value
₹1,093 Cr
18:35 IST BSE
Promoter Selling

Granules India Promoter Selling

Promoter Dr. Krishna Prasad Chigurupati sold 1.72 crore equity shares of Granules India Ltd via block deal and open market, reducing aggregate promoter stake.

Promoter stake change
-6.94%