Q4FY26 Decent top-line growth with better-than-expected margins Revenues grew ~19/5% YoY/QoQ to 456 crore aided by ~94/58% YoY/QoQ growth in export formulations to ~ 215 crore tracking 69% growth in the Regulated Market (US & Europe). Domestic formulations on the other remained muted to ~200 crore due to unpredictable performance in acute therapies. On the operational front, GPM declined 249/261 bps YoY/QoQ to 70.4%; EBITDA margins improved to 10.5% (1065/338 bps YoY/QoQ) on the back of reduction in operating expenses. Normalisation expected from FY27- After a prolonged hiatus, exports...