BSECompany Update15h ago · 26 Oct 2026, 03:26 pm
Press release on financial results Q2&H1FY27
Mankind Pharma Ltd · 543904
✦ AI Summary▲ PositiveResults
Mankind Pharma Ltd reported a 17% YoY growth in revenue, 27% YoY growth in EBITDA, and 38% YoY growth in PAT for Q2 FY27. Domestic business grew 16% YoY, driven by strong double-digit growth in Mankind and BSV specialty business. The company also announced a 33% YoY growth in international revenue.
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Mankind Pharma Ltd - 543904 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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October 26, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 543904 Symbol: MANKIND
Dear Sir/ Madam,
Subject: Press Release – Q2 & H1 FY27
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Please find enclosed herewith the Press Release on Financial Results of the Company for the Q2 & H1
FY27.
The above-mentioned Press Release is also being uploaded on the website of the company i.e.
www.mankindpharma.com.
You are requested to kindly take the above information on your records.
Thanking You,
Yours Faithfully,
For Mankind Pharma Limited
Hitesh Kumar Jain
Company Secretary &
Compliance Officer
Encl.: A/a
Press Release
Strong Revenue growth of 17%; EBITDA up by 27% and PAT up by 38%;
Domestic Business¹ delivered robust growth of 16%
New Delhi, India, 26th October, 2026: Mankind Pharma (BSE: 543904 | NSE: MANKIND)
India’s fourth largest pharmaceutical Company today announced its financial results for the
second quarter and half year ended 30th September 2026. The information mentioned in this
release is based on consolidated financial statements.
Revenues Dom. Revenue1 EBITDA
INR 4,338 Crore
INR 3,428 Crore INR 1,175 Crore
Q2 FY27
17% YoY
16% YoY 27% YoY
Revenues Dom. Revenue1 EBITDA
INR 8,368 Crore
INR 6,608 Crore INR 2,235 Crore
H1 FY27
15% YoY
13% YoY 26% YoY
Mr. Rajeev Juneja – Vice Chairman & Managing Director
Revenue grew ~17% YoY with EBITDA margins improving by 210 bps to 27.1%
Strong domestic business1 growth of 15.9% led by 1.2x volume outperformance
to IPM, further supported by:
Mid-teen growth in Mankind Domestic with 1.1x Chronic outperformance2,
led by growth of 19% in Cardiac and 16% in Anti-diabetes
Acute outperformance of 1.1x, led by 19% growth in Gastro, 26% in VMN
Steady double digit growth in BSV domestic specialty business
International business grew 33%, while OTC witnessed muted growth in Q2
Our disciplined execution and strengthening business fundamentals resulted in
strong performance. Our recent acquisition of Armed Cell Therapeutics, marks
strategic entry into Next-Generation CAR-T therapies, strengthening R&D
capabilities for future growth.
1.Domestic business excluding Consumer Healthcare || 2. Ex-Tirzepatide
Press Release
Q2 FY27 Performance Summary
Revenue from Operations at INR 4,338 Cr, up by 17.3%YoY
o Domestic revenue at INR 3,657 Cr, up 14.8%, Exports at INR 681 Cr, up 32.7% YoY
EBITDA margin of 27.1%, up by 210 bps YoY and PAT margin of 16.5%, up 240 bps YoY
Diluted EPS1 of INR 17.2, up 38.9% YoY (FV Re.1)
H1 FY27 Performance Summary
Revenue from Operations at INR 8,368 Cr, up by 15.1%YoY
o Domestic revenue at INR 7,082 Cr, up 12.7%, Exports at INR 1,286 Cr, up 31.0% YoY
EBITDA margin of 26.7%, up by 230 bps YoY and PAT margin of 15.4%, up 210 bps YoY
Diluted EPS1 of INR 30.9, up 34.6% YoY (FV Re.1)
1. Diluted EPS not annualised
Domestic Business1
Domestic revenue (ex CH)2 increased 15.9% YoY driven by strong double digit growth in
both Mankind and BSV specialty business
Secondary sales growth of 15.7% vs 14.2% IPM3 in Q2FY27 indicating a 1.1x
outperformance to IPM led by:
1.1x outperformance in chronic3 growth supported by 18.7% in Cardiac and 15.8 % in
Anti-diabetes
1.1x outperformance in acute driven by Gastro ( 1.3x ), VMN 1.4x); Anti-infectives
also recovering QoQ (5.4% in Q2FY27 vs 3.6% in Q1FY27)
Strong growth in key focused brands:
Acute brands like Pantakind (31%), Dydroboon (19%), Cefakind CV (18%), Nurokind
LC (18%) in Q2FY27
Chronic brands like Pangraf (60%), Placida (28%), Telmikind AM (16%), Glizid M (15%)
Healthy growth in BSVs key brands - Humog (51%), Lonopin (45 %), Anti D (37 %) and
ASVS (45%)
Brands with sales above Rs 50 crore increased to 63 in MAT Sep’26 from 54 in FY26,
while brands with sales over Rs 100 crore rose to 26 from 22
Consistently maintained #1 rank over last 9 years with prescription share of 15.2% and
prescriber penetration of 84.4% in MAT Aug’26
1.As per IQVIA Sep-2026 // 2.Denotes reported number// 3. Ex-Tirzepatide
Consumer Healthcare Business1
Revenue growth impacted by slower offtake in category for the industry and some
regional impact in East and South
Despite softer growth, we gained market share in key Brands – Manforce, and Preganews
MT & E-Com share increased to 18% in Q2FY27 as compared to 12% in Q2FY26 supported
by 55% growth
Healthy growth in secondary sales for Preganews and Ova news of 14% and 10% YoY
respectively in Q2 FY27
1 As per IQVIA / IQVIA Retail Sep-2026
Press Release
Exports
International revenue increased by 33% in Q2FY27 driven by strong growth in both
Mankind and BSV International
Mankind has launched 1 new product in Q2FY27 taking the total launched products to 50
in US
Consolidated Profit & Loss Account
Particulars (In INR Crore) Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ%
Revenue from Operations 4,338 3,697 17.3% 4,031 7.6%
Gross Margins % 72.2% 71.3% 90 bps 72.8% (60 bps)
EBITDA 1,175 924 27.2% 1,060 10.8%
EBITDA Margin % 27.1% 25.0% 210 bps 26.3% 80 bps
PAT 716 520 37.7% 574 24.7%
PAT Margin % 16.5% 14.1% 240 bps 14.2% 230 bps
Particulars (In INR Crore) H1 FY27 H1 FY26 YoY%
Revenue from Operations 8,368 7,268 15.1%
Gross Margins % 72.5% 70.9% 160 bps
EBITDA 2,235 1,774 26.0%
EBITDA Margin % 26.7% 24.4% 230 bps
PAT 1,290 965 33.7%
PAT Margin % 15.4% 13.3% 210 bps
Segmental Revenue Break Up
Particulars (In INR Crore) Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ%
Domestic 3,657 3,184 14.8% 3,426 6.7%
Domestic (Ex-CH) 3,428 2,958 15.9% 3,180 7.8%
Consumer Healthcare 229 226 1.2% 246 (7.0%)
Exports 681 513 32.7% 605 12.6%
Total 4,338 3,697 17.3% 4,031 7.6%
Particulars (In INR Crore) H1 FY27 H1 FY26 YoY%
Domestic 7,082 6,285 12.7%
Domestic (Ex-CH) 6,608 5,822 13.5%
Consumer Healthcare 475 463 2.6%
Exports 1,286 982 31.0%
Total 8,368 7,268 15.1%
Press Release
Earning Concall Details
Date 26th October, 2026
Time 05:00 pm – 06:00 pm IST
Zoom Link Click here
About Mankind Pharma
Mankind Pharma (BSE: 543904 | NSE: MANKIND) is one of the largest pharmaceutical
company in India, which focuses on the domestic market with its Pan India presence. Mankind
operates at the intersection of the Indian pharmaceutical formulations and consumer
healthcare sectors with the aim of providing quality products at affordable prices. The
company is a leading player in the domestic pharmaceuticals business present across acute
and chronic therapeutic areas including anti-infectives, cardiovascular, gastrointestinal,
antidiabetic, neuro/CNS, gynaecology, VMN and respiratory, among others with a strategy to
increase chronic presence going ahead. In the consumer healthcare business, the company
operates in the condoms, pregnancy detection, emergency contraceptives, antacid powders,
vitamin and mineral supplements and anti-acne preparations categories, among others, with
several category-leading brands. Following the acquisition of BSV, Mankind Pharma has
further strengthened its leadership in the domestic women’s health segment. Mankind's
distribution network includes a robust field force of 18,500+ professionals, and a reach
extending to over five lakh doctors across urban and rural markets. The company has 32
manufacturing facilities in India manufacturing a wide range of dosage forms, including
tablets, capsules, syrups, vials, ampoules, blow fill seal, soft and hard gels, eye drops, creams,
contraceptives and other over-the-counter products. Mankind has a consistent track record
of product innovation through 7 dedicated R&D facilities backed by more than 740 scientists.
For more information, visit www.mankindpharma.com
Safe Harbour Statement
The statements, are as on date and may contain forward-looking statements like the words
“believe”, “expects”, “anticipate”, “aim”, “will likely result”, “Would”, “wi
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