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2024

Dr Reddy's Q1 Preview: PAT may fall 4% YoY on pricing pressure, subdued US sales

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Pharma major Dr Reddy's faced a challenging first quarter, impacted by weak US sales due to heightened competition and pricing pressures. Analysts expect a 4% decline in net profit year-on-year despite an 8% increase in revenues. Higher Revlimid sales might offset the subdued US performance.