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GSK Pharma gains depend on new launches, traction in base business

The Q1 was impacted by sluggish show of the base business and supply disruption, resulting in brokerages cutting their earnings estimates

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Revenues for the company declined by 1.4 per cent year-on-year (Y-o-Y) and 17.4 per cent sequentially in Q1 to ₹805 crore.

Ram Prasad Sahu New Delhi

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The stock of Glaxo SmithKline Pharmaceuticals or GSK Pharma has shed a fifth of its value over the last three months. The weakness in the stock is largely on account of a muted performance in the first quarter of 2025-26 (Q1FY26).
 
The Q1 was impacted by sluggish show of the base business and supply disruption, resulting in brokerages cutting their earnings estimates. While new launches, especially in the vaccine and specialty segments, and a recovery in the general medicines are key triggers, the stock may not see a recovery in the near term given the growth underperformance in the Indian