Divi's FY26 net profit rises 17% to ₹2,568 crore
Divi's Laboratories Limited reported a 17% increase in consolidated net profit to ₹2,568 crore for FY26, with total income rising to ₹11,067 crore. The performance was supported by operational growth and a forex gain of ₹211 crore, while exports accounted for 89% of sales. The Board recommended a final dividend of ₹30 per share.

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Divi's Laboratories Limited has reported a 17% rise in consolidated net profit to ₹2,568 crore for the financial year ended March 31, 2026, compared to ₹2,191 crore in the previous year. The company’s consolidated total income for FY26 reached ₹11,067 crore, up from ₹9,712 crore in FY25, driven by operational growth and a forex gain of ₹211 crore. The Board has recommended a final dividend of ₹30 per share, subject to shareholder approval.
Financial Performance
Profit before tax (PBT) for the year stood at ₹3,388 crore. The financial results include an exceptional item of ₹74 crore related to the impact of new Labour Codes. On a standalone basis, the company reported a net profit of ₹2,607 crore for FY26, with a total income of ₹10,894 crore.
| Metric (Consolidated) | Year Ended Mar 31, 2026 | Year Ended Mar 31, 2025 |
|---|---|---|
| Total Income | ₹11,067 crore | ₹9,712 crore |
| Profit Before Tax | ₹3,388 crore | ₹2,916 crore |
| Net Profit | ₹2,568 crore | ₹2,191 crore |
Operational Highlights
Exports contributed nearly 89% of the total sales revenue, with Europe and the United States together accounting for approximately 74% of the export revenue. The product mix between generics and custom synthesis for the year was 45% and 55%, respectively. Constant currency growth for the year was 6.82%. Revenue from the nutraceuticals business for the current financial year amounted to ₹946 crore compared to ₹781 crore in the previous financial year.
Material consumption during the current financial year stood at approximately 38.8% of sales revenue compared to 39.8% in the previous year. During the year, the company capitalized assets worth ₹1,544 crore. Capital work in progress as of March 31, 2026, stood at ₹2,113 crore. As on March 31, 2026, the company's cash and cash equivalents stood at ₹3,414 crore, receivables at ₹2,984 crore, and inventories at ₹3,954 crore.
Dividend Declaration
The Board of Directors recommended a final dividend of ₹30 per equity share of face value ₹2 each, translating to 1,500% for FY26. The record date for determining dividend eligibility is fixed as July 24, 2026. The dividend requires approval at the ensuing 36th Annual General Meeting.
Historical Stock Returns for Divis Laboratories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.54% | -2.19% | -1.95% | +0.73% | -1.62% | +54.16% |
How will the implementation of the new Labour Codes impact Divi's operational costs and margins in the coming fiscal year?
What is the expected timeline for monetizing the ₹2,113 crore in capital work in progress, and how will it drive future revenue growth?
Given the high export dependence on Europe and the US, how does the company plan to mitigate potential regulatory or currency risks in these markets?


































