Anindita Nayak
Bhubaneswar, 26 Jan 2026
Cipla’s Q3 FY26 net profit decreased by 57% (YoY) from the previous year, despite flat revenues, primarily due to the impact of a one-time exceptional charge and recurring disruptions associated with key international products. Investors reacted negatively to Cipla’s reduced operating margins and regulatory/legal/labour issues, pushing Cipla shares from a recent high of approximately ₹1,364.30 to an intra-day low of approximately ₹1,303.80 (down almost 5%).
Snapshot of Q3 FY26 Financial Performance:
| Particulars | Q3 FY26 (₹ Crore) | Rise/Fall (YoY) |
| Revenue from Operations | ₹7,074.5 | 0.02% ↑ |
| Gross Margin (EBITDA) | ₹1,255.0 | 36.9% ↓ |
| Net Income (PAT) | ₹674.3 | 57.2% ↓ |
| Diluted EPS | ₹8.36 | 57.0% ↓ |
Performance by Geography and Segment:
| Metric | Q3 FY26 | Rise/Fall YoY |
| One India Business | ₹3,457 Crore | 10% ↑ |
| North America Business | $167 Million | 22% ↓ |
| One Africa (South Africa) | $112 Million | 2% ↑ |
| Emerging Markets & Europe | $104 Million | 13% ↑ |
Performance by Technology and R&D:
| Metric | Q3 FY26 | YoY Change |
| R&D Investment | ₹494 Crore | 37.4% ↑ |
| R&D as % of Sales | 7.0% | 190 bps ↑ |
