Dolat Capital: Dr. Reddy’s Posts  In-Line Operational Performance, Expect H2 To Be Subdued  
People chat in the lobby of Innovation Plaza building, on Dr. Reddy’s Laboratories Ltd. campus in Hyderabad. (Photographer: Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Dr. Reddy’s Posts In-Line Operational Performance, Expect H2 To Be Subdued  

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Dolat Capital Report

Dr. Reddy’s Laboratories Ltd. reported a decent Q2 with strong performance in India (Wockhardt portfolio integration and Covid-19 products) and U.S. (new launches).

However, lower export incentive, higher price erosion, change in product mix and adverse currency impacted gross margins (54% in 2Q versus 56% in Q1), in line with estimates.

Adjusting for the impairment charge of Rs 781 million for intangibles, Ebitda margins was in line at 24.3%.

Click on the attachment to read the full report:

Dolat Capital Dr Reddys Laboratories Q2FY21 Result Update.pdf

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