7 months ago
Mixed Q3 Results for Pharma and FMCG
Two companies, Piramal Pharma and Gillette India, recently shared their financial results for the third quarter of the fiscal year 2026.
Piramal Pharma reported a loss of ₹136 crore, which is a decrease from the same period last year.
However, they are seeing early signs of recovery in their contract manufacturing business.
Gillette India, on the other hand, had a good quarter with a 37% increase in profit to ₹172.5 crore.
Their revenue was ₹790 crore, which is a bit less than the previous quarter but still showing good growth compared to last year.
Both companies are dealing with different challenges and opportunities in their respective markets.
Piramal Pharma is focusing on broadening its product portfolio and acquiring new products, while Gillette India is benefiting from improved cost efficiencies and strong consumer demand.
Despite some economic challenges, both companies are working on strategies to grow and improve their financial performance.
Piramal Pharma reported a Q3 FY26 loss of ₹136 crore, down from a net profit of ₹4 crore in Q3 FY25.
Gillette India's Q3 FY26 net profit surged 37% year-on-year to ₹172.5 crore, with revenue at ₹790 crore.
Piramal Pharma's CDMO business revenue fell 9% year-on-year to ₹1,166 crore due to inventory destocking.
Gillette India's total expenses dropped nearly 10% quarter-on-quarter, leading to a 20.1% surge in profit before tax.
Piramal Pharma acquired Kenalog from Bristol Myers Squibb for $35 million upfront and up to $65 million contingent.
- Who
- Piramal Pharma Ltd and Gillette India
- What
- Q3 FY26 financial results
- Where
- India
- When
- Q3 FY26 (December 2025 quarter)
- Why
- To report financial performance and strategic updates
Key facts
- Piramal Pharma Q3 Revenue
- ₹2,140 crore
- Piramal Pharma Q3 Loss
- ₹136 crore
- Piramal Pharma EBITDA Margin
- 11%
- Piramal Pharma CDMO Revenue
- ₹1,166 crore
- Piramal Pharma Stock Price
- ₹159.70 (up 3.7%)
- Gillette India Q3 Revenue
- ₹790 crore
- Gillette India Q3 Profit
- ₹172.5 crore
- Gillette India EPS
- ₹52.93
- Gillette India Interim Dividend
- ₹180 per share (including ₹60 special payout)
Quotes
Nandini Piramal
Chairperson of Piramal Pharma Ltd
“It is a product that has limited competition and we expect that it will add incremental revenue without a lot of incremental cost to the business. It is a complex and hard-to-manufacture product… As part of our strategy to broaden our base, we are looking at developing our own licensing as well as acquiring products.”
livemint.com
“We are seeing early signs of recovery. We've seen a pickup in RFPs (requests for proposal) and order inflows, and we're not changing our FY26 guidance.”
livemint.com
Sources
ITC Q3 Results 2026 LIVE: ITC share price near 52-week low — Muted earnings likely; all eyes on dividend
Piramal Pharma points to early recovery signs after seeing red in Q3
Trident sets board meeting date to declare Q3 results 2026. Details here





