Wednesday, July 09, 2025 | 06:41 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Strong prospects of Biologics business keep Street positive on Biocon

Even though Q2 performance missed estimates, analysts expect a stronger second half

Biocon likely to channelise investments towards non-insulin biologics
premium

In Q2, revenue from operations grew just 11 per cent year-on-year to Rs 1,760 crore

Ujjval Jauhari
A lower-than-expected performance by Biocon in the September quarter (Q2) saw its stock fall nearly 3 per cent to Rs 417 on Friday. It could have been worse, but analysts say the strong prospects of its biologics business lent comfort.

In Q2, revenue from operations grew by just 11 per cent year-on-year (YoY) to Rs 1,760 crore, falling short of Bloomberg consensus estimates of Rs 1,834 crore, due to slower-than-expected growth in biologics and research services.

Biologics sales at Rs 676 crore grew 11 per cent YoY. Though revenue was similar to Q1 at Rs 692 crore, the segment had posted 29