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Lupin Ltd
NSE:LUPIN

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Lupin Ltd
NSE:LUPIN
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Price: 2 347.6 INR 0.68% Market Closed
Market Cap: ₹1.1T

Lupin Ltd
Investor Relations

In the bustling landscape of the global pharmaceutical industry, Lupin Ltd. stands as a testament to the transformative power of innovation and strategic foresight. Founded in 1968 by Dr. Desh Bandhu Gupta, Lupin embarked on its journey with a clear vision: to deliver high-quality drugs at affordable prices. Over the years, it has adeptly navigated the complex world of pharmaceuticals to become a formidable player in the generics market. Its success is built on a robust portfolio that includes a diverse range of generic and branded formulations across many therapeutic segments such as cardiovascular, diabetology, asthma management, and anti-tuberculosis. The company prioritizes intensive research and development, paving the way for both the introduction of new generics and the development of advanced drug delivery systems. Such focus ensures Lupin maintains a competitive edge in both established markets like the United States and emerging markets across Asia and Africa.

The company’s financial engine is powered largely by its extensive manufacturing and distribution capabilities, which are strategically positioned across the globe to maximize efficiency and meet demand. With state-of-the-art facilities in India supplemented by strategic acquisitions and partnerships overseas, Lupin produces a wide array of active pharmaceutical ingredients (APIs) and finished dosages, allowing it to capture value across different stages of the drug supply chain. This vertically integrated model not only enhances profit margins but also provides the agility to respond quickly to market shifts. Furthermore, Lupin's strategic emphasis on biosimilars and specialty drugs reinforces its commitment to innovation, unlocking new revenue streams amid growing global healthcare demands. As Lupin continues to expand its footprint, it remains anchored in its mission to improve healthcare outcomes, embodying a legacy where profitability harmoniously aligns with purpose.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 13, 2026
AI Summary
Q3 2026

Record Revenue: Lupin reported another record quarter, with revenue surpassing the previous high and marking 14 consecutive quarters of year-on-year growth.

Broad-Based Growth: Growth was strong across the U.S., India, Europe, Latin America, and other emerging markets, with most regions delivering double-digit year-on-year increases.

U.S. Outperformance: The U.S. business achieved its highest-ever sales, driven by new product launches like Tolvaptan and Mirabegron, and supported by base business and seasonal tailwinds.

Margin Expansion: EBITDA margin rose to 31.1%, up 681 basis points year-on-year, with gross margins at 73.5%, a 420 basis point improvement driven by product mix and cost efficiencies.

Upgraded Guidance: Full-year EBITDA margin guidance was raised to 27–28% from 25–26%, reflecting the strong performance.

Pipeline Momentum: The company highlighted a strong pipeline, especially in injectables and biosimilars, with the FDA approval and pending launch of pegfilgrastim in the U.S.

India Prescription Strength: India’s core prescription business grew 10.9% year-on-year in Q3, well ahead of the market, with chronic therapies now 67% of the portfolio.

Strategic Investments: Lupin continues to invest heavily in R&D (7.5% of sales) and technology, including AI, and is expanding its specialty and complex product offerings through organic growth and acquisitions.

Key Financials
Revenue from Operations
INR 7,168 crores
EBITDA
INR 2,210 crores
EBITDA Margin
31.1%
Gross Margin
73.5%
India Revenue Growth
5.6% year-on-year
India Core Prescription Growth
10.9% year-on-year
U.S. Sales
USD 350 million
Other Developed Markets Revenue
INR 812 crores
Emerging Markets Growth
42% year-on-year
Brazil Local Currency Growth
99% year-on-year
R&D Spend
INR 535 crores (7.5% of sales)
Net Cash
INR 2,879 crores
Operating Working Capital
INR 7,948 crores
Other Earnings Calls

Management

Ms. Vinita D. Gupta
CEO & Executive Director
No Bio Available
Mr. Ramesh Swaminathan
Executive Director, Global CFO, CRO & Head of API Plus SBU
No Bio Available
Mr. Nilesh Deshbandhu Gupta
MD & Executive Director
No Bio Available
Mr. Christoph Funke
Chief Technical Operations Officer
No Bio Available
Mr. Sreeji Gopinathan
Chief Information Officer
No Bio Available
Dr. Shahin Fesharaki
President -Global Chief Scientific Officer
No Bio Available
Mr. Ravi Agrawal
Sr. Vice President of Investor Relations and M&A
No Bio Available
Dr. Sofia Mumtaz
President of Legal and Compliance of Australia, Japan & Canada Business
No Bio Available
Mr. Amit Kumar Gupta
Company Secretary & Compliance Officer
No Bio Available
Ms. Rajalakshmi Azariah
Vice President & Global Head of Corporate Communications
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Laxmi Towers, 'B' Wing,, Bandra Kurla Complex,, Bandra (East),
Contacts
+912266402222
www.lupin.com
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