Cipla: Q2 FY27 Results Show Revenue Drop to ₹7,404 Crore

Cipla Limited announced its unaudited consolidated financial results for the second quarter ended September 30, 2026. The company reported total income from operations of ₹7,404 crore, a decrease from ₹7,589 crore in Q2 FY26. Profit After Tax (PAT) also saw a decline, reaching ₹878 crore compared to ₹1,351 crore in the same period last year. EBITDA stood at ₹1,388 crore.

Cipla Reports Q2 FY27 Financial Performance

Cipla Limited has disclosed its unaudited consolidated financial results for the second quarter of the financial year 2027 (Q2 FY27), which concluded on September 30, 2026. The company recorded total income from operations amounting to ₹7,404 crore. This figure represents a slight decrease compared to the ₹7,589 crore reported in the corresponding quarter of the previous financial year (Q2 FY26).

Profitability and EBITDA Margins

The Profit After Tax (PAT) for Q2 FY27 stood at ₹878 crore, a notable decline from ₹1,351 crore in Q2 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter were reported as ₹1,388 crore. The EBITDA margin was 18.7% of the income from operations, down from 25.0% in the prior year’s second quarter.

Business Segment Performance

In terms of business segment performance, the India (Rx + Gx + CHL) segment reported revenues of ₹3,516 crore, an increase of 12% year-on-year. North America, however, saw a decrease in revenue to ₹1,643 crore from ₹2,039 crore in Q2 FY26, a decline of 19%. The One Africa segment generated ₹1,171 crore, a marginal decrease of 1% from the previous year. Emerging Markets and Europe reported revenues of ₹967 crore, remaining flat year-on-year. The API and Others segment experienced a significant drop to ₹107 crore from ₹259 crore.

Key Highlights

The company highlighted a solid growth of 12% year-on-year in its One-India business. North America delivered quarterly revenue of $172 Mn. The South Africa private market business grew approximately 1.3x faster than the market. Emerging Markets and Europe delivered quarterly revenue of $101 Mn. R&D investments stood at ₹423 crore, accounting for 5.7% of sales. Cipla maintained a strong net cash position of ₹9,823 crore.

Conference Call Details

Cipla hosted an earnings conference call on October 27, 2026, at 1600 hrs IST to discuss the financial performance and answer questions. A transcript of the call is available on the company’s website.

Source: BSE

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