Dr. Reddy’s Q4 Review - In Line Numbers; Focus On Launches, Cost to Continue: ICICI Direct
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ICICI Direct Report
Dr. Reddy's Laboratories Ltd.'s Q4 revenues grew 7.2% YoY to Rs 4,768 crore.
India sales grew 23.5% YoY to Rs 844 crore due to Wockhardt integration and new launches.
Europe revenues grew 14.8% YoY to Rs 396 crore amid new launches.
U.S. revenues de-grew 3.2% YoY to Rs 1,749 crore mainly due to Covid-19 related stocking in Q4 FY20.
Russia and other commonwealth of independent states sales grew 4% to Rs 593 crore.
Pharmaceuticals services and active ingredients segment grew 10% YoY to Rs 792 crore amid new product launches.
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