- Ajanta Pharma's Q2 FY26 revenue and net income exceeded estimates with strong North America growth
- India branded formulation grew approximately 12% year-on-year, supporting overall revenue performance
- New therapies in gynecology and nephrology are gaining traction in India business
Ajanta Pharma continues to add to its filed force in emerging markets and India which should help it sustain the double-digit growth. New therapies in gynecology and nephrology are gaining traction and are expected to contribute meaningfully to India business.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Report
Ajanta Pharma Ltd.'s Q2 FY26 revenue (13,537 million) and net income (2,602 million) was above our estimates. Revenue outperformance was led by continued strong growth in North America (48% YoY) and India branded formulation (~12% YoY).
Ajanta Pharma continues to add to its filed force in emerging markets and India which should help it sustain the double-digit growth. New therapies in gynecology and nephrology are gaining traction and are expected to contribute meaningfully to India business.
North America operations delivered robust quarterly results and are expected to maintain current sales run-rate through the year, supported by strong execution and recent launches.
Overall, with continued new product launches, MR addition, and new geography additions in EM's, Ajanta Pharma remains poised to deliver double digit growth.
We retain our forecasts on Ajanta and maintain Buy with a target price of Rs 3,293 based on 35 times FY27E earnings per share.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
