Pharmaceuticals company Lupin announced Q4FY26 & FY26 results Consolidated Financial Highlights: The company’s sales for Q4FY26 stood at Rs 73,919 million, representing a YoY growth of 32.9% from Rs 55,622 million and a QoQ growth of 4.1% from Rs 71,005 million. Total Revenue from operations for the quarter was Rs 74,747 million, up 31.9% YoY from Rs 56,671 million and up 4.3% QoQ from Rs 71,675 million. EBITDA for Q4FY26 was Rs 26,263 million, marking a significant YoY increase of 90.6% compared to Rs 13,781 million and a QoQ rise of 10.5% from Rs 23,766 million. Profit Before Tax (PBT) for the quarter reached Rs 19,280 million, reflecting a YoY growth of 115.2% from Rs 8,958 million and a QoQ growth of 26.7% from Rs 15,220 million. Net profit (PAT) for Q4FY26 stood at Rs 14,687 million, an increase of 87.7% YoY from Rs 7,824 million and a 24.4% increase QoQ from Rs 11,805 million. For the full year FY26, Sales reached Rs 2,74,875 million, representing a 23.9% YoY growth from Rs 2,21,921 million in FY25. Annual EBITDA for FY26 was Rs 92,405 million, up 68.6% YoY from Rs 54,792 million in FY25. Full year Profit Before Tax (PBT) stood at Rs 68,726 million, a growth of 71.2% YoY compared to Rs 40,150 million. Net profit (PAT) for the full year FY26 was Rs 53,555 million, marking a 62.0% YoY increase from Rs 33,063 million in FY25. Business Highlights: Dividend Recommendation: The Board has recommended a dividend of 900% based on the long-term outlook. Segment Performance (U.S.): Sales for FY26 were Rs 1,16,783 million (USD 1,318 million), up 46.0% YoY, accounting for 42% of global sales. In Q4FY26, U.S. sales were Rs 33,987 million (USD 371 million), a 56.9% increase YoY. Segment Performance (India): India sales for FY26 stood at Rs 81,140 million, up 7.1% YoY, contributing 30% to global sales. Quarter sales for India in Q4FY26 were Rs 19,082 million, up 11.5% YoY. Segment Performance (Emerging Markets): Sales for FY26 reached Rs 34,828 million, up 35.2% YoY. For Q4FY26, sales in this segment were Rs 9,906 million, a YoY growth of 49.2%. Segment Performance (Other Developed Markets): Annual sales for FY26 were Rs 32,439 million, up 13.3% YoY. Quarter sales for Q4FY26 were Rs 8,453 million, up 7.1% YoY. Segment Performance (Global API): Global API sales for FY26 were Rs 9,685 million, a decline of 17.7% YoY. However, Q4FY26 sales for the segment grew 7.6% YoY to reach Rs 2,491 million. Formulations: Total formulations sales for FY26 reached Rs 2,65,190 million, reflecting a YoY growth of 26.2%. Research and Development: Investment in R&D; was Rs 20,631 million (7.5% of sales) for FY26, compared to Rs 17,968 million in FY25. For Q4FY26, R&D; investment was Rs 5,898 million (8.0% of sales). Net Debt: As of March 31, 2026, Net Debt stands at Rs -46,358 million. Nilesh Gupta, Managing Director, Lupin, said: “Our fourth quarter and full-year results underscore the strength and resilience of our business across key geographies, with the U.S. and India delivering strong sales growth and margin expansion. Building on this momentum, we are well-positioned to accelerate performance through strategic investments in technology, disciplined execution, and operational efficiencies, driving sustainable and profitable growth”. Result PDF