Lupin Ltd

Lupin Q3 FY26 Results: Record US Sales Drive 26.4% YoY Growth 📈

• Q3 FY26 sales: ₹71,005 million, up 26.4% YoY and 3.9% QoQ

• US sales surged 54.0% YoY to ₹31,132 million (44% of global sales)

• India sales grew 5.6% YoY to ₹20,387 million (29% of global sales)

• EBITDA margin: 33.5%, increasing 68.6% YoY but decreasing 2.2% QoQ

• Profit After Tax: ₹11,805 million, up 37.4% YoY but down 20.5% QoQ

• R&D investment: ₹5,352 million (7.5% of sales) with 1 ANDA approval

• Net debt: negative ₹28,793 million, indicating strong cash position

• Launched 3 products in US and 3 brands in India during quarter