Business EconomyPosted at: Apr 14 2026 5:09PM


HCG projects growth surge as it matches global cancer care standards

Bengaluru, April 14 (UNI) Cancer care major HealthCare Global Enterprises (HCG) has projected strong growth in FY26 even as it claimed its clinical outcomes are now comparable to some of the world's leading oncology institutions, marking a significant milestone for specialised cancer care in India.
HCG CEO Manish Mattoo said the company expects continued profitable growth in the coming fiscal, supported by steady margin expansion, capacity addition and sustained demand for oncology services.
He said margins are likely to improve from around 17.5 per cent to about 19 per cent and beyond over the medium term.
At the same time, Mattoo highlighted that HCG's treatment outcomesm particularly in breast cancer, are now comparable to global benchmarks such as MD Anderson Cancer Center.
He said the company has reduced its mortality rate from 3.41 per cent in 2017 to below one per cent currently, driven by its protocol-based, tumour board-led clinical model.
He said HCG's "focused factory" approach, built around cancer-only infrastructure, organ-specific specialists and multidisciplinary tumour boards, ensures "first-time-right" treatment—considered critical in oncology outcomes.
The company's patient mix reflects its strength in handling complex cases, with about 42 per cent of patients in stage IV and 20 per cent in stage III, positioning it as a referral hub for advanced and rare cancers across the country.
Operationally, HCG served around 2.4 lakh cancer patients in FY2025 and treated approximately 9.5 lakh patients over the last five years. During the year, it recorded 4,35,000 outpatient visits, up 19.2 per cent year-on-year, conducted 1,79,000 chemotherapy sessions and performed 1,077 robotic surgeries.
Financially, HCG reported revenue of Rs 22,181.36 million in FY2025, up 16.26 per cent from the previous year, while profit for the year stood at Rs 488.34 million. The company said growth was largely volume-led, driven by higher patient inflow, addition of beds and expansion of radiation and robotic capacities.
Mattoo said the company remains focused on balancing growth, profitability and patient care, while continuing to invest in advanced technologies such as precision oncology, AI-driven diagnostics, robotic surgery and adaptive radiotherapy.
HCG is also leveraging data through its diagnostics arm to strengthen predictive oncology and improve early detection, including the use of genomic profiling that identifies actionable mutations in a majority of cases.
Looking ahead, the company plans to add around 1,000 beds over the next five years with an investment of about ₹650 crore through a mix of greenfield and brownfield expansion.
However, Mattoo cautioned that low health insurance penetration and high out-of-pocket expenditure remain key risks for the sector, along with regulatory and pricing pressures.
Despite these challenges, he said rising cancer incidence and increasing demand for high-quality specialised care will continue to drive growth, with HCG positioning itself at the intersection of clinical excellence and scalable expansion.
The company's twin focus on achieving global-standard cancer outcomes while sustaining strong financial growth is expected to intensify attention on India's evolving role in advanced oncology care.
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