Alembic Pharmaceuticals posts ₹173 crore net profit in Q1FY27, US sales surge 49%
Alembic Pharmaceuticals delivered strong Q1FY27 results with net profit rising 12.1% to ₹173 crore and revenue growing 26% to ₹2,150 crore. The performance was led by a 49% surge in US formulation sales and robust growth in the API segment, supported by new product launches and a healthy pipeline.

*this image is generated using AI for illustrative purposes only.
Alembic Pharmaceuticals reported a consolidated net profit of ₹173 crore for the quarter ended June 30, 2026, marking a 12.1% increase from ₹154.38 crore in the corresponding period of the previous year. The company’s revenue from operations grew to ₹2,150 crore, up 26% year-on-year, driven primarily by a 49% surge in its US formulation business. This performance underscores the company’s expanding global footprint and operational efficiency during the initial quarter of FY27, with broad-based growth across all key segments.
Consolidated Financial Performance
The Board of Directors approved the unaudited consolidated financial results on August 4, 2026. Statutory auditors KKC & Associates LLP issued an unqualified review report on the statements. Key consolidated metrics for the quarter are detailed below:
| Metric: | Q1FY27 (₹ Cr) | Q1FY26 (₹ Cr) | Change |
|---|---|---|---|
| Revenue from Operations | 2,150 | 1,711 | +26% |
| Consolidated Net Profit | 173 | 154.38 | +12% |
| EBITDA Pre-R&D | 523 | 432* | +21% |
| Earnings Per Share | ₹8.86 | ₹7.85 | +12.9% |
*Note: Previous year EBITDA Pre-R&D derived from current year growth rate and reported figure.
EBITDA pre-R&D increased to ₹523 crore, representing a margin of 24%. Regulatory disclosures under Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were included in the filing.
Segment-Wise Revenue Breakdown
The investor presentation highlighted strong growth across all business verticals. The US Formulation segment emerged as the primary growth driver, with revenues jumping to ₹778 crore from ₹523 crore in Q1FY26. This was supported by seven new product launches and volume gains. The API segment also showed robust health, growing 33% year-on-year to ₹346 crore, backed by a strong order book. India Branded Business grew 7% to ₹642 crore, while Ex-US Formulation rose 17% to ₹383 crore.
| Business Segment | Q1 FY26 (₹ Cr) | Q1 FY27 (₹ Cr) | YoY Growth |
|---|---|---|---|
| India Branded Business | 599 | 642 | 7% |
| US Formulation | 523 | 778 | 49% |
| Ex-US Formulation | 328 | 383 | 17% |
| API | 261 | 346 | 33% |
| Total Revenue | 1,711 | 2,150 | 26% |
Management Commentary and Pipeline
Pranav Amin, Managing Director, Alembic Pharmaceuticals Limited, stated that the company started FY27 on a strong note with broad-based growth across businesses. He attributed the performance to healthy volume growth, successful new product launches, and continued execution across key markets. Amin noted that the US business delivered strong momentum while other markets recorded steady growth. The company remains focused on strengthening its product portfolio and advancing its pipeline.
In the US market, Alembic launched seven new products in Q1FY27, bringing the total commercialized portfolio to 185 products. The company received 10 ANDA approvals during the quarter and has 244 approved ANDAs in total, including 20 tentative approvals. A pipeline of 15+ product launches is expected in FY27. R&D spending increased 29% year-on-year to ₹1.86 billion, representing 9% of revenue, focusing on peptide development and complex platforms.
Standalone Results and Balance Sheet Health
On a standalone basis, Alembic Pharmaceuticals reported a net profit of ₹196.96 crore for Q1FY27, a substantial rise from ₹103.52 crore in Q1FY26. Standalone revenue reached ₹1,868.06 crore, up from ₹1,494.17 crore in the same quarter last year. The standalone operating margin expanded to 19.26% from 14.83% year-on-year, indicating improved cost management at the parent company level.
The company’s balance sheet remains robust with a debt-equity ratio of 0.28 times for the consolidated entity and 0.22 times for the standalone entity. Net worth increased to ₹5,856.21 crore (consolidated) and ₹5,819.40 crore (standalone). The current ratio was maintained at 1.69 times (consolidated) and 1.75 times (standalone), reflecting healthy liquidity positions.
Historical Stock Returns for Alembic Pharmaceuticals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -0.61% | -1.73% | +2.25% | -16.31% | +2.95% |
How might the 49% surge in US formulation revenues impact Alembic's exposure to potential US regulatory changes or pricing pressures in the generic drug market?
With R&D spending rising 29% to focus on peptides and complex platforms, what is the expected timeline for these high-margin products to contribute significantly to overall revenue?
Given the 33% growth in the API segment backed by a strong order book, how sustainable is this momentum amidst global supply chain fluctuations and raw material cost volatility?

































