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Earnings Call

Sun Pharmaceutical Industries Earnings Call: Key Takeaways

Sun Pharma reported FY26 sales of Rs 582 Bn with a 30.3% EBITDA margin. Strategy focuses on expanding the Global Innovative Medicines portfolio and maintaining leadership in the Indian market.

Highlights
Revenue growthFY26 sales reached Rs 582 Bn, showing strong historical 17% CAGR.
MarginsGross margin reached 80.2%; EBITDA margin expanded to 30.3% in FY26.
Demand visibilityStrong; No. 1 prescriber share in 11 categories in India.
Management confidenceHigh; emphasizing 'Best-in-class profitability' and strong 20.7% ROCE.

Growth

FY26 sales grew to Rs 582 Bn; 10-year CAGR (FY10-25) was 17% for sales and 16% for EBITDA.

Outlook

Focus on high-value Innovative Medicines (22% of FY26 sales) and R&D (6.1% of sales) for long-term sustainable growth.

Risks

Regulatory compliance, successfully implementing expansion plans, and market risks in over 100 operating countries.

Last quarter's promises, checked

Delivered

  • Guided R&D spend 6% to 7% of sales → delivered 6.7% (= BEAT)
  • Guided Innovative R&D to increase → delivered 36.9% of total R&D (= BEAT)
  • Guided Innovative Medicines growth → delivered 16.8% for FY26 (= BEAT)

Partly delivered

  • Guided U.S. sales growth → delivered marginal decline in FY26 (= PARTIAL)
Source

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

Read the document ↗

Sun Pharmaceutical Industries Ltd: key numbers

Share price
₹1,852.20
Market cap
₹4,44,405 Cr
Revenue (annual)
₹58,462 Cr
Net profit (annual)
₹11,479 Cr
P/E (TTM)
36.7×Sector 50.4×
Promoter holding
54.48%+0.00% QoQ
FII holding
14.54%Current quarter

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

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