Poly Medicure is set to report its Q1 FY27 results, marking the first quarter where its recent European acquisitions—PendraCare and Citieffe—will begin contributing to the consolidated top line. Investors will be focused on whether the company's core organic growth can offset recent international headwinds while maintaining its consolidated EBITDA margin guidance of 23–25%.
| Results date | August 07, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 534 Cr |
| Previous quarter PAT | Not explicitly stated for Q4 FY26 |
| Previous quarter EBITDA margin | ~21.0% |
| Net debt (latest quarter) | Net cash of Rs. 448.8 Cr as of Mar 31, 2026 |
| Market cap | Rs. 17,251.39 Cr |
| CMP | Rs. 1702.0 |
The board meeting is scheduled for August 07, 2026, to approve the unaudited Q1 FY27 standalone and consolidated financial results.
Management has provided FY27 consolidated revenue guidance of Rs. 2,300–2,400 Cr, implying a Q1 run-rate requirement of approximately Rs. 500–530 Cr. While the ~10–11% YoY rupee depreciation against the USD provides a translational tailwind for the ~69% of revenue earned internationally, the critical focus remains on whether organic export growth—which was -3% to -4% in Q4 FY26—has inflected positively. The company's core standalone business continues to target a 25–27% EBITDA margin, though consolidated margins may face near-term dilution due to the integration of PendraCare and Citieffe, which historically operate at 12–14% EBITDA margins. Management maintains a domestic growth target of upwards of 20%, supported by the ongoing import-substitution strategy and a robust pipeline of 20 new products awaiting CE marking in 2026.
Performance vs Guidance Tracking: Tracking Q1 progress against FY27 full-year targets.
Strategic Integration and Capex: Updates on recent inorganic initiatives and domestic capacity expansion.
Operating Metric Trajectory: Key performance indicators for the core business.
The acquired entities, PendraCare and Citieffe, historically operate at 12–14% EBITDA margins, which is below the company's historic levels. Management expects these margins to improve to 18–20% over the next 2–3 years through supply chain synergies and engineering support.
Organic export growth, excluding acquisitions, was slightly negative at -3% to -4% in Q4 FY26 due to headwinds like NHS contract delays and logistics costs. Management is targeting a recovery through US market expansion and new European distributors.
Receivable days increased to approximately 103 days as of Q4 FY26, up from 86 days previously. Management has attributed this to international market volatility and expects levels to remain similar in FY27.
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