Natural Capsules FY26 net loss ₹24.66 crore, Q4 revenue rises 55%
Natural Capsules Limited reported a consolidated net loss of ₹24.66 crore for FY26, compared to a net profit of ₹0.62 crore in the previous year, primarily due to losses in the API segment. However, Q4 revenue surged 55% to ₹58.45 crore, driven by the dispatch of deferred goods. The standalone business remained profitable with a net profit of ₹11.21 crore. The audited results were approved by the Board on May 27, 2026, and published in newspapers on May 29, 2026.

*this image is generated using AI for illustrative purposes only.
Natural Capsules Limited reported a consolidated net loss of ₹24.66 crore for the financial year ended March 31, 2026, compared to a net profit of ₹0.62 crore in the previous year. The loss was primarily attributed to the API segment, which reported a loss before tax and interest of ₹31.33 crore. For the quarter ended March 31, 2026, the company reported a net loss of ₹4.98 crore, while revenue from operations surged 55% to ₹58.45 crore, driven by the dispatch of deferred goods following the resumption of operations at the Puducherry plant.
The standalone financial performance for the year shows a net profit of ₹11.21 crore, a 67.1% year-on-year increase. Revenue from operations rose 3.5% to ₹173.77 crore. Earnings per share (EPS) on a basic basis improved to ₹10.79 from ₹6.43 in the prior year. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. The company informed the exchanges that these audited results were published in Business Line and Sanjevani on May 29, 2026.
Financial Performance (Consolidated)
| Particulars | Year Ended Mar 31, 2026 (₹ in Cr) | Year Ended Mar 31, 2025 (₹ in Cr) |
|---|---|---|
| Revenue from operations | 187.20 | 169.21 |
| Total Income | 188.94 | 169.91 |
| Total Expenses | 216.86 | 167.12 |
| Net Loss for the year | (24.66) | 0.62 |
Financial Performance (Standalone)
| Particulars | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 17,377.09 | 16,793.82 |
| Total Income | 18,142.18 | 17,217.36 |
| Total Expenses | 16,635.55 | 16,287.70 |
| Net Profit for the year | 1,121.39 | 671.11 |
| Basic EPS (₹) | 10.79 | 6.43 |
Operational Updates
The Capsules segment remained profitable, reporting a profit before tax and interest of ₹20.82 crore. The company noted that the incremental HPMC line for double-zero capsules is ready, with revenue expected from the second half of FY27. On the API side, commercial sales commenced in Q4FY26. The subsidiary Natural Biogenex Private Limited executed agreements with Fermbox Bio Private Limited to utilise fermentation assets at the Tumkur facility, aiming to improve CDMO capabilities. The Board approved the re-appointment of Mr. Laxminarayan Moondra as Whole-Time Director for three years effective July 28, 2026, subject to shareholder approval.
Historical Stock Returns for Natural Capsules
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | +5.34% | +2.53% | -8.06% | -20.29% | -34.83% |
What specific measures is management taking to turn around the loss-making API segment?
How will the new CDMO capabilities at the Tumkur facility impact revenue streams in FY27?
Can the surge in quarterly revenue driven by deferred dispatches be sustained into the next fiscal year?


































