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DRREDDY Diversified 28 Oct 2025

Dr. Reddy's Laboratories Limited — Q2 FY26

Dr.

neutral medium
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Revenue ₹8,828 Cr +9.8%
EBITDA ₹2,351 Cr +3%
PAT ₹1,337 Cr +14%
EBITDA Margin 23% -174bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

US FDA delays on biosimilar approvals

Rituximab BLA received a CRL; abatacept and semaglutide approvals face regulatory uncertainty.

high · management_commentary
R

Revlimid revenue decline

Revlimid sales are declining faster than expected, with Q3 likely the last quarter of meaningful contribution.

high · analyst_question
R

Semaglutide Canada pricing and competition

Multiple filers and potential compounding pharmacy entry could lead to aggressive pricing and lower margins.

medium · analyst_question
R

Patent litigation outcome in India for semaglutide

Awaiting Delhi High Court decision; adverse ruling could delay India launch and impact export plans.

medium · analyst_question