Dr. Reddy's Labs Q3 Results Review - Yet Another Revlimid-Led Boost: Yes Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Dr. Reddy's Laboratories Ltd. continues to benefit from Revlimid, potentially better traction in acquired Mayne Pharma portfolio amid a backdrop of benign pricing environment in U.S. Management continues to hunt for assets as well as increase research and development (absolute + % of sales) to make use of Revlimid cash. Biosimilar monetisation remains far out, beginning FY27 to make up for the likely loss of Revlimid sales in FY25 and FY26 compared to run rate in current fiscal. Domestic business is expected to emerge from brand rationalization phase in Q4 and would clock double digit growth from next year. Near term prognosis is completely linked to Revlimid which would be keenly eyed as other peers (notably Aurobindo) are set to enter the market. We tweak FY24/25 estimates and introduce FY26 forecasts but lower our rating to 'Reduce' based on an unchanged target price-to-earning of 19 times on FY25 earnings per share. We lower Revlimid contribution beyond FY25 with a likely paucity of similar sized large product/s that can fill the void (reckon will open up in FY26)..Click on the attachment to read the full report:.Dr. Reddy’s Labs Q3 Results Review - Beat On Revenue, But Earnings Inline: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Dr. Reddy's Labs Q3 Results Review - Yet Another Revlimid-Led Boost: Yes Securities

Management continues to hunt for assets as well as increase research and development (absolute + % of sales) to make use of Revlimid cash.

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Dr. Reddy's Labs Q3 Results Review - Yet Another Revlimid-Led Boost: Yes Securities

Management continues to hunt for assets as well as increase research and development (absolute + % of sales) to make use of Revlimid cash.

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