Double-Digit Revenue Growth
Dr. Reddy's reported a double-digit revenue growth with consolidated revenues of INR 8,545 crores (USD 997 million), an 11% increase year-over-year.
EBITDA Margin Improvement
The company achieved an EBITDA margin of 26.7%, surpassing the aspiration of 25%.
Strategic Advancements in Biosimilars
The biosimilar business gained momentum with a strategic collaboration with Alvotech for pembrolizumab and progress in key pipeline programs like semaglutide and abatacept.
Strong Financial Position
Dr. Reddy's closed the quarter with a net cash surplus of USD 341 million, reinforcing its strong balance sheet position.
India Business Growth
The India business delivered a double-digit year-on-year growth of 11%, driven by new product contributions and pricing.
Recognition for Sustainability Efforts
Dr. Reddy's received an A rating in the Carbon Disclosure Project (CDP) for climate, making it the only Indian pharmaceutical company with this score.