Dr Reddy’s Q1 Profit Seen Up 7%

  Published 10 months ago

Analysts expect Dr Reddy’s Q1 profit to rise 7% YoY, with 13% revenue growth, driven by domestic and U.S. sales.

  • Jefferies sees 11% domestic sales growth; U.S. revenue aided by cancer drug Revlimid’s performance.
  • Stock down ~10% YTD; underperforms Nifty 50’s 5.8% gain and Nifty Pharma’s 4.6% drop.
  • REDY shares dip ahead of results; 8 of 20 pharma index stocks rated “hold,” rest rated “buy” or better.

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