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Glenmark Pharmaceuticals Ltd is an Indian research-led global pharmaceutical company founded in 1977. It focuses on developing and manufacturing branded generics, generic drugs, and over-the-counter products in therapeutic areas like respiratory, dermatology, and oncology. The company has a significant presence in emerging markets and operates 14 manufacturing facilities across several countries. Glenmark is involved in drug discovery for new chemical and biological entities, with molecules in various stages of development. It has a strong generics business serving markets like the US and Europe, and an active pharmaceutical ingredients business selling to over 80 countries. The company has made several acquisitions and licensing deals to expand its product portfolio and global reach. Glenmark has launched numerous products across various therapeutic segments and markets, including innovative combinations and first-to-market generics. It has a substantial pipeline of ANDAs filed with the US FDA and continues to receive approvals for new generic products.
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The Quarter story
The two most recent quarterly results, compared side-by-side.
Glenmark posts strong profit recovery and domestic growth, though top-line volatility and emerging market softness need monitoring.
India revenue grows from ₹10,201 Cr in Q4 FY26 to ₹14,321 Cr in Q1 FY27, confirming robust domestic demand.
Emerging Markets revenue eases from ₹8,979 Cr in Q4 FY26 to ₹7,304 Cr in Q1 FY27, indicating typical seasonal moderation.
North America revenue expands from ₹9,248 Cr in Q4 FY26 to ₹10,974 Cr in Q1 FY27, showing stable US operations.
Other revenue falls from ₹371 Cr in Q4 FY26 to ₹114 Cr in Q1 FY27, reflecting normalization after one-off gains.
PAT margin climbs from 1.4% in Q1 FY26 to 11.8% in Q1 FY27, reflecting sustained cost discipline.
Consolidated revenue drops from ₹37,706 Cr in Q4 FY26 to ₹7,304 Cr in Q1 FY27, warning of severe demand weakness.
EBITDA stabilizes at ₹8,048 Cr in Q1 FY27 after falling to ₹7,626 Cr in Q4 FY26, signaling operational steadiness.
Total revenue rebounds from ₹37,335 Cr in Q4 FY26 to ₹40,071 Cr in Q1 FY27, indicating early top-line stabilization.