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Cipla (CIPLA) investor relations material
Cipla Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary30 Oct, 2025
Executive summary
Achieved record quarterly revenue of INR 7,589 crore in Q2FY26, up 8% year-over-year, with robust profitability and strong performance across India, US, Africa, and Europe.
EBITDA reached INR 1,895 crore (25% of revenue), and PAT was INR 1,351 crore (17.8% of revenue), both showing year-over-year growth.
Maintained leadership in chronic therapies, expanded consumer health, and launched new products in North America and Africa.
Unaudited consolidated and standalone financial results for the quarter and half year ended 30th September 2025 were approved and released, with statutory auditors providing an unmodified review conclusion.
Achin Gupta will become CEO and MD, effective April 1, 2026, following a transition period starting January 1, 2026.
Financial highlights
Revenue from operations grew 8% year-over-year to INR 7,589 crore; half-year consolidated revenue was INR 14,546.91 crore, up from INR 13,744.96 crore.
EBITDA margin at 25%; PAT margin at 17.8%; R&D spend was INR 539 crore, or 7.1% of revenue.
Net cash balance at INR 9,901 crore after debt and dividend payout; cash and cash equivalents at INR 10,368 crore.
Basic EPS for Q2 FY26 was ₹16.73, compared to ₹16.07 in Q2 FY25.
Standalone revenue for Q2 FY26 was ₹5,225.72 crore, up from ₹5,046.17 crore in Q2 FY25.
Outlook and guidance
Full-year EBITDA margin guidance revised to 22.75%-24%, excluding Mounjaro; R&D spend for the year expected to be 0.5% of revenue higher than planned.
US revenue expected to reach $1 billion next year, contingent on timely approvals; plans to launch four major respiratory assets in North America by 2026.
India business expected to regain and potentially exceed market growth rates in coming quarters.
Management expects a favorable outcome in ongoing litigation with the NPPA and has not made provisions for the related demand notices.
Cipla's stance on NPPA litigation provision?
What business was acquired for
130 Crores?
Explain New Ventures segment revenue decline.
Yurpeak: What is the market shaping strategy?
U.S. growth drivers post-Revlimid decline?
EBITDA margin: Drivers for revised FY26 guidance?
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Q3 25/2627 Jan, 2026
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Frequently asked questions
Cipla Limited is an India-based pharmaceutical company engaged in the development, manufacturing, and distribution of generic and branded medicines. The company’s product range spans respiratory, cardiovascular, anti-infective, and other therapeutic areas. Cipla Limited is headquartered in Mumbai, India, and its shares are listed on the NSE.
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