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Earnings

Dr Reddy's Q2 Earnings: Here's what to expect

Updated : November 01, 2019 08:42 AM IST

Pharma major Dr Reddy's Laboratories is all set to announce its quarterly results today. Here's what to expect from the company:

  • Revenue growth of around 8 percent is expected.
  • Margins are expected to come in flattish on a year-on-year (YoY) basis at around 22 percent.
  • Profit is likely to be at around Rs 723 crore which would be significant as compared to the Rs 503 crore in the same period last quarter.
  • The numbers will be supported by the sale of migraine drugs which took place. The deal closed in August in which the company sold around two migraine drugs worth $110 million to Upsher-Smith.
  • Besides, the US market is also expected to drive growth.
  • India is expected to continue the momentum.
  • Active ingredients business is expected to bounce back after what was around 15-16 percent fall last quarter.
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