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Earnings Call Transcript

Dr. Reddy's Laboratories Earnings Call Transcript: Key Takeaways

Q1FY27 revenue fell 5.6% YoY to ₹8,071 Cr due to lower Lenalidomide sales. EBITDA margin at 12.5% (15.4% ex-one-offs) was hit by semaglutide API issues and Middle East conflict costs.

Highlights
Revenue growth5.6% YoY decline; 7.4% sequential growth.
MarginsTargeting 20% range excluding semaglutide impacts.
Demand visibilityStrong orders for 6-7M semaglutide pens.
Management confidenceHigh on H2 recovery and semaglutide resumption.

Growth

Revenue ₹8,071 Cr (-5.6% YoY); PAT ₹443 Cr; North America down 41% YoY; Emerging Markets grew 31% YoY.

Outlook

EBITDA margin guidance 20%; CAPEX ~₹1,800 Cr; target 27 US launches; semaglutide supply resumption by November 2026.

Risks

Semaglutide API quality challenges; Middle East conflict inflating solvent and freight costs; price erosion in US generics.

Source

Earnings Call Transcript filed with BSE, NSE: DRREDDY. Summary written with AI assistance from the document.

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Dr. Reddy's Laboratories Ltd: key numbers

Share price
₹1,201.00
Market cap
₹1,00,245 Cr
Revenue (annual)
₹33,700 Cr
Net profit (annual)
₹4,196 Cr
P/E (TTM)
31.1×Sector 50.4×
Promoter holding
26.64%+0.01% QoQ
FII holding
20.67%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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