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GLENMARK Diversified 28 May 2024

Glenmark Pharmaceuticals Limited — Q4 FY24

Glenmark's Q4 FY24 consolidated revenue grew 2.1% YoY to INR 3,063 crore, with India formulation up 12.9% and ROW up 10%, but North America declined 12.4% due to lack of launches.

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Revenue ₹3,063 Cr +2.1%
EBITDA
EBITDA Margin
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Monroe facility FDA reinspection delay

Remediation completed but FDA reinspection pending; delay could impact injectable commercialization timeline.

high · management_commentary
R

Elevated legal settlement cash outflows

Cash payout of ~INR 300 crore in FY25 for DOJ and Zetia settlements, impacting free cash flow.

medium · analyst_question
R

North America revenue decline and lack of launches

North America revenue fell 12.4% YoY; recovery depends on generic Flovent approval and scale-up of recent launches.

high · data_observation
R

IGI R&D spend remains high at $50 million

Despite earlier guidance to reduce Ichnos spend, FY25 IGI cash R&D is $50 million, pressuring profitability.

medium · analyst_question