Q1 FY23 Preview: Dr Reddy's: Revenue seen at Rs54,128 million; PAT at Rs6,790 million

27 Jul 2022 , 04:07 PM

Results Date: 28th July
Recommendation: Buy
Target price: Rs4,800
Source: IIFL Research

June 2022 quarter revenue of Dr Reddy’s is forecasted at Rs54,128 million. This will be a y-o-y growth of 10.8%. PAT is forecasted at Rs6,790 million. This will be a y-o-y growth of 19.8%. Demand for drugs in areas such as Dermatology and Nephrology are expected to be higher in the June quarter. 

Key management insights to look into:

• Trends in raw material prices
• Outlook on growth in generic drugs market in US

	June 2022 estimates	Y-o-Y
Revenue (Rs mn)	54,128	10.8%
PAT	6,790	19.8%

Source: Brokerage Reports