Piramal Pharma Limited reported a consolidated net loss of ₹136 crore in Q3 FY26, compared to a profit last year, with revenues slipping 3% to ₹2,140 crore. For the nine months ended December 2025, revenue fell 4% to ₹6,117 crore. Despite near-term weakness, the company reaffirmed its FY26 guidance.
Piramal Pharma Limited (NSE: PPLPHARMA, BSE: 543635) announced its Q3 FY26 and nine-month (9M FY26) results, reflecting a challenging operating environment.
Key highlights:
Revenue performance: Consolidated revenue from operations stood at ₹2,140 crore in Q3 FY26, down 3% year-on-year. For 9M FY26, revenue declined 4% to ₹6,117 crore.
Segment trends:
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CDMO (Contract Development & Manufacturing Organisation): Revenue fell 9% YoY to ₹1,166 crore in Q3.
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CHG (Complex Hospital Generics): Marginal growth of 2% YoY at ₹668 crore.
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PCH (Consumer Healthcare): Strong growth of 20% YoY to ₹334 crore.
Profitability: EBITDA dropped 32% YoY to ₹239 crore, with margins narrowing to 11%. Net loss stood at ₹136 crore, versus a profit of ₹4 crore in Q3 FY25.
9M FY26 snapshot: EBITDA fell 36% to ₹628 crore, while net loss widened to ₹317 crore.
Outlook: Despite near-term pressures, management reaffirmed FY26 guidance, citing confidence in long-term growth, capacity expansion, and demand recovery. The company noted that the March quarter has historically been its strongest.
The results highlight sectoral headwinds but also resilience in consumer healthcare and optimism for recovery in FY26.
Sources: Piramal Pharma Press Release, Business Standard, ETEnergyWorld