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Earnings Call

Granules India Earnings Call: Key Takeaways

Granules India reported Q3FY26 revenue of ₹13,879 Mn with a 22% YoY growth. Strategy focuses on shifting from integrated to complex generics, supported by R&D and US portfolio expansion.

Highlights
Revenue growth22% YoY, 7% QoQ.
MarginsGross margin 63.9%; EBITDA margin expanded to 22.2%.
Demand visibilityDriven by Finished Dosage segment in North America and Europe.
Management confidenceHigh; upgrading credit ratings and climate ratings.

Growth

Revenue grew 22% YoY; EBITDA increased 34% YoY to ₹3,081 Mn with margins expanding 196 bps to 22.2%.

Outlook

Capex of ₹1,298 Mn in Q3; focus on oncology, non-oral solids, and leveraging enzyme-based manufacturing platforms.

Risks

EBITDA loss of ₹248 Mn from Ascelis Peptides; regulatory compliance risks; currency fluctuations.

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%