Aug 10 (Reuters) – India’s Gland Pharma reported a bigger-than-expected first-quarter profit on Monday, boosted by strong sales in its key European and U.S. markets.
The Hyderabad-based company reported a consolidated net profit of 3.17 billion rupees ($33.3 million) for the quarter ended June 30, from 2.15 billion rupees a year earlier.
That also beat analysts’ average estimate of 2.89 billion rupees, per data compiled by LSEG.
Here are some more details:
• U.S. sales, which make up more than half of the total, rose 32%, while the Europe business posted a 20% rise.
• Gland Pharma’s results have been consistently boosted 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 revenue rose 20% to 18 billion rupees, also beating estimates of 17.33 billion rupees.
• Gland Pharma and several of its Indian generic drugmaker peers that derive a large share of their revenue from the U.S. have been grappling with limited pricing power amid stiff competition in that market.
• Larger rivals Cipla and Dr Reddy’s also reported subdued U.S. sales during the quarter.
($1 = 95.3000 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Ronojoy Mazumdar)
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