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Biocon (BIOCON) investor relations material
Biocon Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong Q2 FY26 results with double-digit year-on-year growth in biosimilars and generics, and steady CRDMO performance.
Strengthened balance sheet by settling structured debt with Goldman Sachs and Kotak, executing an agreement with Edelweiss, and early redemption of NCDs.
Launched multiple biosimilars globally, including Ustekinumab, aspart, Bevacizumab, and Aflibercept; imminent launch of Denosumab and key regulatory milestones.
Entered strategic partnerships, including with Civica Inc. for affordable insulin glargine under California's CalRx initiative.
Improved ESG scores, received the Golden Peacock Award for Excellence in Corporate Governance, and maintained five consecutive quarters of revenue growth.
Financial highlights
Operating revenue grew 20% year-on-year to INR 4,296 crores (₹42,955 million), with total revenue reaching ₹4,389 crores.
Biosimilars revenue up 25% year-on-year to INR 2,721 crores; generics up 24% to INR 774 crores; CRDMO up 2% to INR 911 crores.
Core EBITDA rose 23% year-on-year to INR 1,218 crores (28% margin); reported EBITDA at INR 928 crores (21% margin).
Net profit before exceptional items was INR 92 crores, compared to a loss of INR 13 crores last year; reported net profit at INR 85 crores.
R&D investment was INR 251 crores (7% of revenues, excluding Syngene).
Outlook and guidance
Full benefit of debt reduction expected from FY27, with annual interest savings of INR 300 crores.
Expect continued margin improvement and strengthening of generics performance in H2 FY26 with new launches and expanded reach.
Syngene maintains annual guidance for FY26, with medium to long-term growth opportunities.
Board actions and capital allocation signal focus on strengthening balance sheet and supporting subsidiary growth.
Ongoing investments in Biocon Biologics and CRDMO segments to drive future growth.
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