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Earnings Call

Rubicon Research Earnings Call: Key Takeaways

Rubicon Research (Q4 FY26) reported revenue of ₹5,139M (up 43.5% YoY) and PAT of ₹768M (up 111.8% YoY). Strategy focuses on specialty products and US nasal spray market leadership.

Highlights
Revenue growth43.5% YoY for Q4; 36.6% for FY26.
MarginsOperating EBITDA holding in 22-23% range despite higher outsourcing.
Demand visibilityStrong visibility for FY29/30 based on current R&D spend.
Management confidenceHigh; citing strong revenue visibility and R&D productivity trends.

Growth

FY26 revenue reached ₹17,540M, a 36.6% increase YoY. PAT surged 83.6% to ₹2,467M with EBITDA margins improving to 23.3%.

Outlook

Guided ₹5,000M+ R&D spend over 9 quarters; Pithampur site production ramp-up expected in Q1 CY27 to be margin accretive.

Risks

Reliance on outsourced manufacturing due to internal capacity constraints has slightly contracted sequential gross margins from 66.5% to 66.3%.

Source

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

Read the document ↗

Rubicon Research Ltd: key numbers

Share price
₹1,676.30
Market cap
₹27,748 Cr
Revenue (annual)
₹1,754 Cr
Net profit (annual)
₹246.7 Cr
P/E (TTM)
96.3×Sector 50.4×
Promoter holding
59.76%-0.10% QoQ
FII holding
7.52%Current quarter

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

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