BSECompany Update3 Nov 2026 · 3 Nov 2026, 07:02 pm
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GlaxoSmithKline Pharmaceuticals Ltd · 500660
✦ AI Summary▲ PositiveResults
GlaxoSmithKline Pharmaceuticals Ltd reported Q2 FY2027 financial results, with revenue growing 21% YoY to INR 1180 crore, PAT increasing 31% to INR 335 crore, and EBITDA growing 20%. The company's General Medicines, Vaccines, and Specialty Medicines portfolios showed strong growth, driven by commercial excellence, lifecycle management initiatives, and the growing contribution of the Oncology business.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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GlaxoSmithKline Pharmaceuticals Ltd - 500660 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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GlaxoSmithKline Pharmaceuticals Limited
GSK House, Dr. Annie Besant Road,
Worli, Mumbai - 400 030
Tel No: +91 22 2495 9595
Fax No: +91 22 2495 9494
Web: www.gsk-india.com
Email: askus@gsk.com
3rd November 2026
BSE LIMITED THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex, Bandra (East)
Mumbai - 400001 Mumbai - 400051
Dear Sirs,
Subject: Media release: Q2 of 2026-27
Please find enclosed a press release issued by the Company in respect to financial results
for the second quarter and half year ended 30th September 2026.
This is for your information and record.
Yours faithfully
For GlaxoSmithKline Pharmaceuticals Limited
Ajay Nadkarni
Vice President – Administration, Real Estate
& Company Secretary
CIN: L24239MH1924PLC001151
PRESS RELEASE
GSK India Continues Growth Momentum For Q2 FY2027 While
Advancing Portfolio Transformation
Mumbai, 3rd November 2026: GlaxoSmithKline Pharmaceuticals Ltd (GSK India) announced its
financial results for the quarter ended 30th September 2026. The Company delivered strong growth
across its General Medicines, Vaccines and Specialty Medicines portfolios, reflecting the continued
evolution of its innovation portfolio, underpinned by commercial excellence. Performance during the
quarter was supported by targeted lifecycle management initiatives and the growing contribution of the
Oncology business, which completed its first full year of commercialisation. Growth was further aided
by a favourable base effect, with the corresponding period last year impacted by supply constraints and
the effects of GST-related transition.
Revenue for the quarter stood at INR 1180 crore, a growth of 21% YoY. Profit After Tax (PAT)
increased by 31% to INR 335 crore, while EBITDA grew by 20%.
The General Medicines portfolio grew strongly during the quarter with key promoted brands
outperforming their respective markets (EI* >100; Source: IQVIA). Established brands including
Augmentin, Calpol, Ceftum and T-bact gained market share and strengthened their leadership positions
through differentiated scientific engagement and focused execution. To meet evolving patient needs
and support more precise dosing, the Company introduced line extensions with Calpol 500 Suspension
and Eltroxin 62.5 mcg and 150 mcg formulations. These additions reinforce the long-term relevance
and competitiveness of these established brands.
The Respiratory portfolio continued to support patients living with chronic respiratory diseases, with
Nucala (mepolizumab) and Trelegy Ellipta gaining traction through expanding access pathways.
The Vaccines business delivered continued growth, led by its leadership in the private self-pay
paediatric vaccines market. The Company continued to shape and grow the adult vaccination
ecosystem by advancing awareness of preventive healthcare among adults above 50 years, especially
those with underlying cardiovascular and metabolic conditions, reflecting in the strong uptake of
Shingrix (Recombinant Herpes Zoster Vaccine, Adjuvanted). On World Heart Day (September 29), the
Company achieved a Guinness World Records™ title for the “Largest Brochure Mosaic-Image”, created
at the Company’s official headquarters in Mumbai using pledge cards from more than 5,000 healthcare
professionals across the country. The record-setting structure underscored the growing recognition of
the role immunisation plays in healthy ageing.
*The Evolution Index (EI) is a metric used to evaluate the performance of a product relative to the overall market growth. EI>100 means the
product is growing faster than the market.
** BCMA: B-cell maturation antigen, ADC: Antibody-drug-conjugates
Confidential
PRESS RELEASE
The Oncology portfolio saw accelerated momentum, with Jemperli (dostarlimab) and Zejula (niraparib)
benefitting from a full year of market presence and significant patient impact. Together, these therapies are
helping address significant unmet needs in gynaecological cancers, enabling more women across India to
access innovative treatment options. Building on this foundation, the Company will foray into
haemato-oncology with the launch of BLENREP (belantamab mafodotin), an anti-BCMA antibody-drug
conjugate (ADC)**. BLENREP is indicated for relapsed or refractory multiple myeloma as combination therapy
in adult patients who have received at least one prior therapy1.
Commenting on the results, Mr. Bhushan Akshikar, Managing Director, GSK India, said: “Our strong
performance this quarter reflects the robust execution of our strategy to build a science-first,
innovation-led business. Resilient growth across our diversified portfolio underscores the strength of
our trusted brands, the increasing contribution of innovative therapies and the scientific rigour
demonstrated by our people.”
He added, “In line with global priorities, we continue to accelerate our efforts on late-stage pipeline
assets, build momentum for our key launches across Oncology and Adult Vaccination, and simplify our
ways of working. At the same time, amidst a dynamic geopolitical environment that continues to drive
inflationary pressures and supply chain risks, we stay focussed on building resilience across our
business.”
The Company continues to enhance supply chain resilience through diversified sourcing strategies,
strengthened contingency planning and improved end-to-end visibility across key operations. These
measures have helped restore local and global supply chains to sustainable operating levels.
About GSK India
GlaxoSmithKline Pharmaceuticals Limited is a subsidiary of GSK plc, a science-led global healthcare
company with a purpose to unite science, technology and talent to get ahead of disease together.
For more information, visit www.gsk-india.com.
Media Contacts
Communications and Government Affairs
Carson Dalton – carson.a.dalton@gsk.com
Farah Bookwala – farah.a.bookwala@gsk.com
1 Blenrep Prescribing Information, India. Version: BRP/PI/IN/2026/01. Dated: 15-Apr-2026
*The Evolution Index (EI) is a metric used to evaluate the performance of a product relative to the overall market growth. EI>100 means the
product is growing faster than the market.
** BCMA: B-cell maturation antigen, ADC: Antibody-drug-conjugates
Confidential