Dr. Reddy's Labs reports Q3 profit up 2%, revenue jumps 16%, but shares drop 7% amid analyst concerns.

Dr. Reddy's Laboratories reported a 2% rise in net profit to ₹1,413 crore and a 16% increase in revenue to ₹8,359 crore for the third quarter ended December 2024. Growth was driven by the recently acquired Nicotine Replacement Therapy (NRT) business, new product launches, and improved efficiencies. Despite the financial gains, the company’s shares fell by around 7% due to mixed analyst ratings and concerns over increased competition and core profitability issues. European revenues surged 143%, while North American revenues rose modestly by 1%. The company also entered a licensing agreement with Gilead Sciences for an HIV treatment drug.

2 months ago
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