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  • US Market Pressure...

US Market Pressure Weighs on Glenmark's Q3 Earnings, Profit Below Estimates

Written By : Farhat Nasim Published On 2025-02-15T15:35:56+05:30  |  Updated On 5 April 2025 12:29 PM IST
Glenmark Pharma USA launches Epinephrine Injection

Glenmark Pharma USA launches Epinephrine Injection

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Glenmark reported a consolidated net profit of 3.48 billion rupees (USD 40.15 million) for the quarter ended December 31.

Bengaluru: India's Glenmark Pharmaceuticals reported third-quarter profit below estimates on Friday due to bleak U.S. demand for its long-term illness drugs.

The drugmaker reported a consolidated net profit of 3.48 billion rupees ($40.15 million) for the quarter ended December 31, compared with analysts' estimate of 3.64 billion rupees, as per data compiled by LSEG.

The company reported a loss of 3.51 billion rupees in the comparable quarter last year, hurt by sluggish sales in India and charges related to a legal case settlement in the United States. Net sales rose 34per cent to 33.02 billion rupees in the quarter, aided by India sales.
Read also: Glenmark Rolls Out Generic Xalatan in US, Targets USD 113M Market
The U.S. is a major revenue source for India's generic drugmakers, but intense competition in North America's drug market has pressured their margins. Analysts had flagged that Glenmark's growth in North America has been hampered by price erosion and lack of significant product launches. Revenue from its U.S. markets grew 1.4per cent during the quarter, compared with a 5.5per cent growth in the previous quarter.
However, the company said it anticipates business growth from the financial year 2026 onward, driven by potential launches in the respiratory and injectable segments.
Read also: Glenmark Pharmaceutical Gets CDSCO Panel Nod To Import and Market Anti-cancer Drug Tislelizumab
glenmark pharmaceuticalsq3 earningsnet profitpharma marketprice erosiongeneric drugsrevenue growthfinancial year 2026cdscotislelizumabcancer drug
Source : Reuters
Farhat Nasim
Farhat Nasim

    Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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