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Earnings Call Transcript

Lupin Earnings Call Transcript: Key Takeaways

Lupin reported record Q1 FY27 revenues of ₹8,277 crore with strong EBITDA margins of 30%. Growth was broad-based across US and India, though management expects near-term US moderation due to increased competition in key products.

Highlights
Revenue growth32% YoY growth; US up 43%, India up 13.9%.
MarginsEBITDA margins at 30%; full-year guidance steady at 25%.
Demand visibilityStrong chronic segment demand in India; US volume growth healthy.
Management confidenceConfident but cautious, flagging near-term competitive headwinds in the US.

Growth

Revenue grew 32% YoY; US business rose 43% and India 13.9%. Gross margins improved to 74.6% on better product mix.

Outlook

Guided for high single-digit revenue growth and approximately 25% EBITDA margins for full year FY27.

Risks

Near-term moderation in US performance due to competitive entry in Tolevapton and Mirabegron; Geopolitical uncertainty impacts.

Last quarter's promises, checked

Delivered

  • Guided 27-28% EBITDA margin → delivered 29.7% (= BEAT)
  • Guided high single-digit revenue growth → delivered 23% (= BEAT)
  • Targeted chronic segment share 66% → delivered 66% (= BEAT)

Partly delivered

  • Guided ETR 22.1% → delivered 30% in Q1 FY27 (= MISS)
Source

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

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Lupin Ltd: key numbers

Share price
₹2,092.00
Market cap
₹95,665 Cr
Revenue (annual)
₹27,958 Cr
Net profit (annual)
₹5,333 Cr
P/E (TTM)
17.3×Sector 50.4×
Promoter holding
46.85%-0.01% QoQ
FII holding
22.42%Current quarter

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

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Lupin reported record FY26 revenues of ₹27,958 cr (up 23%) and EBITDA of ₹8,160 cr (up 55%). Management focuses on complex products and India prescription growth.