Granules India Reports FY26 Results with 18.7% Profit Growth
Granules India announced audited FY26 results with consolidated net profit rising 18.7% to ₹5,950.21 million and revenue growing 19.8% to ₹53,656.42 million. Q4 FY26 profit reached ₹2,015.68 million with revenue of ₹14,706.08 million. The company completed acquisitions of Senn Chemicals AG and Granules Pharmaceuticals GmbH, recommended ₹1.75 dividend per share, and strengthened its balance sheet with total assets of ₹77,199.50 million.

*this image is generated using AI for illustrative purposes only.
Granules India has announced its audited financial results for the fourth quarter and financial year ended March 31, 2026, demonstrating solid performance across key metrics. The Board of Directors approved the standalone and consolidated results at their meeting held on April 29, 2026, with statutory auditors M/s. S R Batliboi & Associates LLP issuing an unmodified opinion on the financial statements.
Consolidated Financial Performance
The company's consolidated financial results for FY26 showed significant improvement in profitability. Net profit for the year increased 18.7% to ₹5,950.21 million from ₹5,015.16 million in the previous year. For Q4 FY26, net profit stood at ₹2,015.68 million compared to ₹1,520.31 million in the corresponding quarter of the previous year.
| Financial Metric | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Net Profit | ₹2,015.68M | ₹1,520.31M | ₹5,950.21M | ₹5,015.16M |
| Total Revenue | ₹14,706.08M | ₹11,974.29M | ₹53,656.42M | ₹44,816.08M |
| EBITDA | ₹3,520M | ₹2,520M | - | - |
| EBITDA Margin | 24.16% | 21.07% | - | - |
Total revenue from operations for FY26 reached ₹53,656.42 million, representing a 19.8% growth from ₹44,816.08 million in FY25. Q4 FY26 revenue stood at ₹14,706.08 million compared to ₹11,974.29 million in Q4 FY25.
Operational Efficiency and Margins
The company's operational metrics demonstrated improvement during the year. EBITDA for Q4 surged 39.7% year-over-year to ₹3,520 million from ₹2,520 million, indicating enhanced operational efficiency. The EBITDA margin expansion to 24.16% from 21.07% represents an improvement of over 300 basis points, reflecting the company's focus on operational excellence.
Key Developments and Strategic Initiatives
During FY26, Granules India completed significant strategic acquisitions. Senn Chemicals AG became a wholly owned step-down subsidiary effective April 10, 2025, following a Share Purchase Agreement signed on February 21, 2025. Additionally, the company acquired a 100% equity stake in Granules Pharmaceuticals GmbH (formerly Optus 1039 GmbH), Germany for EUR 28,400 on November 20, 2025. A new subsidiary, Granules Pharmaceuticals Canada, Inc., was incorporated on November 26, 2025.
The Board recommended a final dividend of ₹1.75 per equity share of ₹1 each. Furthermore, the company issued 25,000,000 warrants on a preferential basis at ₹585 per warrant, receiving ₹3,656.25 million as 25% of the total consideration on February 23, 2026.
Balance Sheet Strength
The consolidated balance sheet as of March 31, 2026, showed total assets of ₹77,199.50 million compared to ₹62,525.61 million in the previous year. Total equity increased to ₹50,849.95 million from ₹37,155.78 million, while total liabilities stood at ₹26,349.55 million. Cash and cash equivalents improved significantly to ₹8,802.38 million from ₹4,661.14 million at the end of FY25.
Historical Stock Returns for Granules
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.09% | +4.73% | +12.85% | +23.32% | +54.64% | +112.53% |
How will the integration of recently acquired Senn Chemicals AG and Granules Pharmaceuticals GmbH impact the company's European market penetration strategy in FY27?
What specific growth initiatives does Granules India plan to fund with the ₹14,625 million raised through warrant issuance?
Will the strong 19.7% consolidated revenue growth momentum be sustainable given increasing competition in the global pharmaceutical market?


































