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Mankind Pharma Q2 FY26 results (Jul–Sep 2025) and concall

Healthcare · Concall AI · Call held 6 Nov 2025

Mankind Pharma reported a mixed Q2 FY26, with strong top-line growth driven by BSV consolidation and exports, but profitability was impacted by higher R&D and employee costs, leading to a 280 bps YoY EBITDA margin contraction. The domestic business saw outperformance in chronic segments but overall secondary sales lagged IPM due to GST-related disruptions and monsoon effects on OTC. Management acknowledged underperformance against internal expectations due to ongoing transformations but expects recovery in H2 FY26.

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What they filed

₹ Cr · quarterly
Line itemQ3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue3,199 3,079 3,570 3,697
EBITDA816 683 847 921
Net profit385 425 445 520
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.