Steady Revenue Growth
Consolidated revenue for the quarter stood at INR 8,805 crores (USD 992 million), a growth of 9.8% year-over-year and 3% on a sequential basis. The acquired consumer healthcare business supported this growth.
Emerging Markets Performance
Emerging market business delivered revenue of INR 1,655 crores in Q2, reflecting a growth of 14% year-on-year and 18% sequentially, driven by new product launches and favorable ForEx.
Strong India Business Growth
India business reported revenues of INR 1,578 crores in Q2, delivering a double-digit year-on-year growth of 13% and a 7% increase sequentially, driven by new product launches and improved pricing.
ESG Achievements
Dr. Reddy's retained its MSCI ESG Rating of A for the second consecutive year, and its ESG Risk Rating from Morningstar Sustainalytics improved from 23.6% to 18.4%.