Alembic Pharma Q4 FY26 Results & FY27 Guidance: Targets Low Double-Digit Revenue Growth
Alembic Pharmaceuticals reported Q4 FY26 consolidated net profit of ₹202.70 crores and full-year revenue of ₹7,344.90 crores. In its concall update, management guided for low double-digit overall revenue growth in FY27, with international generics in the low-to-mid-teen range, API in high single or low double-digit, and R&D spending of ₹750-800 crores alongside capex of ₹300-350 crores.

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Alembic Pharmaceuticals has published its audited consolidated financial results for the quarter and financial year ended 31st March, 2026, filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in Economic Times, Indian Express (English Edition), and Financial Express (Gujarati Edition) on 16th May, 2026. The company reported year-on-year growth in consolidated net profit and revenue for Q4 FY26, alongside a strong full-year performance. Following the results, management shared forward-looking guidance across key business segments during a concall update.
Q4 FY26 Consolidated Financial Performance
For the quarter ended 31st March, 2026, Alembic Pharmaceuticals reported consolidated total income from operations of ₹1,847.72 crores, compared to ₹1,769.64 crores in the corresponding quarter of the previous year. Consolidated net profit after tax attributable to shareholders stood at ₹202.70 crores, up from ₹156.89 crores in the year-ago quarter, reflecting a meaningful improvement in bottom-line performance. Total comprehensive income for the quarter came in at ₹213.07 crores, against ₹162.17 crores in the prior-year period. Basic and diluted earnings per share (face value ₹2/- each) for the quarter rose to ₹10.31 from ₹7.98 year-on-year.
The table below summarises the key consolidated financial metrics for Q4 FY26:
| Metric: | Q4 FY26 (Audited) | Q4 FY25 (Audited) |
|---|---|---|
| Total Income from Operations: | ₹1,847.72 Cr | ₹1,769.64 Cr |
| Net Profit (before Tax, Exceptional items): | ₹143.38 Cr | ₹191.95 Cr |
| Net Profit before tax (after Exceptional items): | ₹118.62 Cr | ₹191.95 Cr |
| Net Profit after tax (attributable to shareholders): | ₹202.70 Cr | ₹156.89 Cr |
| Total Comprehensive Income: | ₹213.07 Cr | ₹162.17 Cr |
| Equity Share Capital: | ₹39.31 Cr | ₹39.31 Cr |
| EPS – Basic & Diluted (₹2/- face value): | ₹10.31 | ₹7.98 |
Full-Year FY26 Consolidated Results
For the full financial year ended 31st March, 2026, Alembic Pharmaceuticals reported consolidated total income from operations of ₹7,344.90 crores. Net profit before tax and exceptional items stood at ₹760.94 crores, while net profit before tax after exceptional items was ₹693.95 crores. Net profit after tax attributable to shareholders for FY26 came in at ₹674.77 crores, with total comprehensive income at ₹695.69 crores. Reserves (excluding revaluation reserve) as shown in the audited balance sheet stood at ₹5,635.50 crores, and full-year basic and diluted EPS was ₹34.33.
| Metric: | FY26 (Audited) |
|---|---|
| Total Income from Operations: | ₹7,344.90 Cr |
| Net Profit (before Tax, Exceptional items): | ₹760.94 Cr |
| Net Profit before tax (after Exceptional items): | ₹693.95 Cr |
| Net Profit after tax (attributable to shareholders): | ₹674.77 Cr |
| Total Comprehensive Income: | ₹695.69 Cr |
| Reserves (excl. Revaluation Reserve): | ₹5,635.50 Cr |
| EPS – Basic & Diluted (₹2/- face value): | ₹34.33 |
Standalone Financial Highlights
On a standalone basis, Alembic Pharmaceuticals reported total income from operations of ₹1,718.74 crores for Q4 FY26, compared to ₹1,570.64 crores in Q4 FY25. Profit before exceptional item and tax for the quarter stood at ₹198.21 crores, significantly higher than ₹91.56 crores in the year-ago period. Standalone profit after tax for Q4 FY26 came in at ₹243.07 crores, compared to ₹75.34 crores in the corresponding prior-year quarter. For the full year FY26, standalone total income from operations was ₹6,651.38 crores, with profit before exceptional item and tax at ₹721.10 crores and profit after tax at ₹640.42 crores.
| Metric: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) |
|---|---|---|---|
| Total Income from Operations: | ₹1,718.74 Cr | ₹1,570.64 Cr | ₹6,651.38 Cr |
| Profit Before Exceptional Item and Tax: | ₹198.21 Cr | ₹91.56 Cr | ₹721.10 Cr |
| Profit After Tax: | ₹243.07 Cr | ₹75.34 Cr | ₹640.42 Cr |
FY27 Business Outlook and Segment Guidance
During the concall update, Alembic Pharmaceuticals' management outlined its growth targets for FY27 across key business segments. The company targets low double-digit revenue growth overall for FY27. The international generics business is expected to grow in the low to mid-teen range, while the API business is anticipated to grow in the high single or low double-digit range. The India business is aiming for growth aligned with market trends. The international business also plans several key product launches spread throughout the year, including major launches in early quarters.
The company also expects significant revenue growth from its US-branded business in coming quarters, with margin improvements anticipated to counter launch-based impacts. The table below summarises the FY27 segment-wise growth guidance:
| Segment: | FY27 Growth Guidance |
|---|---|
| Overall Revenue: | Low double-digit |
| International Generics: | Low to mid-teen range |
| API Business: | High single or low double-digit |
| India Business: | Aligned with market trends |
| US-Branded Business: | Significant revenue growth expected |
R&D and Capital Expenditure Plans
For FY27, Alembic Pharmaceuticals projects R&D spending in the range of ₹750 crores to ₹800 crores, aiming for a revenue return of approximately 9%. Capital expenditure for FY27 is estimated at ₹300 crores to ₹350 crores, focused on capacity improvements and replacement.
| Parameter: | FY27 Estimate |
|---|---|
| R&D Spending: | ₹750 Cr – ₹800 Cr |
| R&D as % of Revenue (Target): | ~9% |
| Capital Expenditure: | ₹300 Cr – ₹350 Cr |
| Capex Focus: | Capacity improvements and replacement |
The detailed financial results are available on the stock exchanges' websites and on the company's website at alembicpharmaceuticals.com/quarterly-results. The results were signed by Chairman Chirayu Amin from Vadodara, dated 15th May, 2026.
Historical Stock Returns for Alembic Pharmaceuticals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.22% | -8.56% | -2.06% | -20.40% | -21.31% | -23.74% |
Which specific product launches in the US-branded business are expected to drive significant revenue growth, and how might competitive pricing pressures affect the anticipated margin improvements?
Given the exceptional items that reduced pre-tax profit by approximately ₹67 crores in FY26, what is the nature of these charges and could similar one-time impacts recur in FY27?
How is Alembic Pharmaceuticals positioning its API business to capture opportunities amid ongoing global supply chain diversification away from China, and which therapeutic segments are prioritized?

































