Earnings Today: Dr. Reddy’s May See Profit Surge In January-March Quarter
Resolution of U.S. FDA warning letters to a few of Dr Reddy’s API facilities will be key to watch.
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Pharmaceutical firm Dr. Reddy’s Laboratories Ltd. and India’s largest jewellery and watch retailer Titan Company Ltd. are among the companies that report their January-March quarter earnings on Friday.
Dr. Reddy’s is expected to report a mixed set of results for the quarter. The topline is likely to decline a marginal 2 percent while the bottomline could see a surge of more than 460 percent, Bloomberg’s consensus estimates showed.
Any update on the resolution of warning letters issued by the U.S. drug regulator to the company’s active pharmaceutical ingredient (API) facilities in Srikakulam, Duvvada and Miryalaguda will be crucial to watch.
What To Watch
- Update on resolution of U.S. FDA warning letters to Srikakulam, Duvvada and Miryalaguda API plants.
- Progress on emerging market approvals
- Status of Copaxone/Nuvaring filing with the U.S. FDA
Titan may see a healthy quarter with revenue and net profit expected to jump 32 percent and 19 percent, respectively, according to Bloomberg consensus estimates.
Other Key Earnings
- Aditya Birla Fashion and Retail
- Dr. Lal Pathlabs
- Inox Wind
- NDTV
- Oriental Bank of Commerce
- Piramal Enterprises
- PNB Housing Finance
- Quick Heal Technologies
- UCO Bank
- Varun Beverages
