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GlaxoSmithKline Pharmaceuticals (500660) investor relations material
GlaxoSmithKline Pharmaceuticals Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary6 Nov, 2025
Executive summary
Celebrated 101 years in India, entering the 102nd year with a focus on general medicines, vaccines, specialty, and a renewed push into oncology with new product launches in Q2.
Specialty and vaccine businesses delivered strong double-digit growth, with new oncology assets launched and early revenue contribution already visible.
Portfolio transformation and digital engagement strategies are driving market competitiveness, reaching ~400,000 HCPs and 5 million touchpoints.
Leadership team with extensive experience in pharmaceuticals and regional markets.
Unaudited consolidated financial results for Q2 and H1 FY2025-26 were approved, with auditors confirming compliance and no material misstatements.
Financial highlights
Q2 sales/revenue were ₹974 crore (₹97,994 lakhs), a decline of 2.6% year-over-year, mainly due to supply chain disruptions and GST transition impacts.
EBITDA margin improved to 34.4%, up 250 basis points year-over-year, driven by cost savings, better product mix, and field productivity.
EPS for Q2 at ₹15.06, up 3% year-over-year.
Net profit for Q2 was ₹25,749 lakhs, up from ₹20,501 lakhs in the previous quarter and ₹25,250 lakhs in Q2 last year.
Paediatric vaccines portfolio grew 13-14% year-over-year, led by key brands.
Outlook and guidance
Double-digit growth ambition remains intact, with supply and GST issues now resolved and expected recovery in H2.
Focus remains on expanding gross margins, maintaining EBITDA margins, and accelerating launches of innovative assets.
Specialty segment, especially oncology, expected to drive future growth, with continued focus on digital initiatives and partnerships to expand adult immunization.
Investment in renewable energy is expected to optimize energy costs and ensure compliance with captive power regulations.
No formal forward-looking guidance provided, but management is confident in growth and margin sustainability.
Strategy to sustain margins with new oncology
Specific actions to diversify CMO risk
Path to double-digit growth post-H1 flat
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Next GlaxoSmithKline Pharmaceuticals earnings date
Q3 25/2613 Feb, 2026
Next GlaxoSmithKline Pharmaceuticals earnings date
Q3 25/2613 Feb, 2026
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Frequently asked questions
GlaxoSmithKline Pharmaceuticals Limited is an India-based pharmaceutical company engaged in the manufacturing, marketing, and distribution of prescription medicines and vaccines. The company operates across therapeutic areas such as respiratory, anti-infectives, dermatology, oncology, and vaccines. It is a subsidiary of GSK plc, a global biopharmaceutical company headquartered in the United Kingdom. GlaxoSmithKline Pharmaceuticals Limited serves healthcare professionals and institutions across India through a nationwide network. The company is headquartered in Mumbai, India, and its shares are listed on the BSE.
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