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India’s Gland Pharma beats quarterly estimates on strong Europe, US sales

By Thomson Reuters Nov 6, 2026 | 5:32 AM

Nov 6 (Reuters) – India’s Gland Pharma reported a bigger-than-expected 58.3% jump in second-quarter profit on Friday, boosted by strong ​sales in its key European and ‌US markets.

The Hyderabad-based company’s consolidated net profit of 2.91 billion rupees ($30.9 million) was up from 1.84 billion rupees a year ago, beating analysts’ average ‌estimate ​of 2.75 billion rupees, ⁠according to data compiled ⁠by LSEG.

Here are some more details:

• Its US sales, which make up more than half of the total, rose 42% ​in the quarter ended September 30, while the European business climbed 30%

• Gland ⁠Pharma’s results have consistently ⁠improved since a recovery in ​production at its Cenexi units in France and ​Belgium in late 2025

• Disruption at these ‌units had hurt the drugmaker’s results throughout most of last year

• Overall quarterly revenue rose 23.3% to 18.34 billion rupees, ⁠also beating estimates of 17.59 billion rupees

• Gland Pharma and several of its Indian generic drugmaker ⁠peers that ‌derive a large share of ⁠their revenue from the US have ​been ‌grappling with limited pricing power ​amid stiff ⁠competition in that market

• Larger rivals Cipla and Dr Reddy’s also reported subdued US sales during the second quarter

($1 = 94.1550 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by ​Shreya Biswas)