RPG Life Sciences Reports 13.5% Growth in Domestic Formulations, Outperforming Market
RPG Life Sciences Limited achieved 13.5% growth in domestic formulations during H1 FY26, surpassing the Indian pharmaceutical market's 7.4% growth. Q2 FY26 saw revenue increase by 5.5% year-on-year to ₹181.70 crore, despite a 9.6% decline in profit after tax. The company's domestic formulations segment contributed 71% to total sales. RPG Life Sciences announced strategic initiatives including new molecule launches, U.S. market entry plans, and API capacity expansion. However, the API segment faced challenges due to a fire incident at a manufacturing block.

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RPG Life Sciences Limited has reported a strong performance in its domestic formulations business, significantly outpacing the broader Indian pharmaceutical market growth rate. The company's financial results for the first half of FY26 reveal a robust trajectory in its core business segments, while also announcing plans for strategic growth initiatives.
Domestic Formulations Lead Growth
RPG Life Sciences achieved a 13.5% growth in its domestic formulations business during H1 FY26, compared to the Indian pharmaceutical market's growth of 7.4% for the same period. This performance underscores the company's strong market position and effective strategy in its home market.
Financial Highlights
For the quarter ended September 30, 2025 (Q2 FY26), RPG Life Sciences reported:
Metric | Q2 FY26 | Q2 FY25 | YoY Change |
---|---|---|---|
Revenue from Operations | ₹181.70 crore | ₹172.20 crore | +5.5% |
EBITDA | ₹43.60 crore | ₹47.90 crore | -9.0% |
EBITDA Margin | 24.00% | 27.80% | -380 bps |
Profit Before Tax | ₹38.20 crore | ₹42.40 crore | -9.8% |
Profit After Tax | ₹28.50 crore | ₹31.50 crore | -9.6% |
Despite the year-on-year decline in profitability, the company has shown sequential improvement, with revenue growing by 7.6% compared to Q1 FY26.
Business Segment Performance
The company's performance across its three main business segments for H1 FY26 was as follows:
- Domestic Formulations: Contributed 71% to total sales, growing by 13.5% to ₹246.10 crore.
- International Formulations: Accounted for 19% of total sales, with a growth of 2.1% to ₹67.00 crore.
- APIs (Active Pharmaceutical Ingredients): Represented 10% of total sales but saw a decline of 34.2% to ₹34.50 crore, primarily due to a fire incident at one of its manufacturing blocks.
Strategic Focus and Future Outlook
Mr. Ashok Nair, Managing Director of RPG Life Sciences Ltd., commented on the results: "In Q2, we have further strengthened our growth trajectory, driven by disciplined execution and a clear strategic focus. Our domestic formulations business is delivering market-beating performance with a growth of 13.5% in H1 FY26 versus Indian Pharma Market which recorded a growth of 7.4% in H1."
The company is pursuing a transformation agenda focused on enhancing patient outcomes and expanding its presence in both emerging and regulated markets. RPG Life Sciences is also making progress in its International Formulations and API business, supported by new customer acquisitions and the launch of molecules that enhance its therapeutic footprint.
Strategic Growth Initiatives
RPG Life Sciences is positioning itself for sustained growth through multiple strategic initiatives:
- New Molecule Launches: The company plans to introduce new molecules to expand its product portfolio.
- U.S. Market Entry: RPG Life Sciences is preparing to enter the U.S. pharmaceutical market, a significant step in its global expansion strategy.
- API Capacity Expansion: The company intends to double its API capacity, strengthening its position in the global pharmaceutical supply chain.
Challenges and Opportunities
While the domestic formulations business has shown strong growth, the company faces challenges in its API segment due to the fire incident. However, RPG Life Sciences has received interim insurance payments and is confident of recovering the remaining losses in subsequent quarters.
The company's focus on building a future-ready pharmaceutical enterprise, embracing innovation, and delivering sustainable value to stakeholders positions it well for future growth. With its strong performance in the domestic market and strategic initiatives in international markets, RPG Life Sciences appears poised to capitalize on emerging opportunities in the pharmaceutical sector.
Historical Stock Returns for RPG Life Sciences
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.22% | -1.73% | -5.07% | +3.45% | -18.58% | +507.49% |