Dr Reddys Laboratories (RDY) Gross Margin (2012 - 2026)
Dr Reddys Laboratories (RDY) recorded quarterly Gross Margin of 38.26% in Q1 2026, down 28.66% quarter-over-quarter from 53.63% in Q4 2025, and down 1730.0% on a YoY basis from 2.35% in Q1 2025.
Dr Reddys Laboratories (RDY) Gross Margin (2012 - 2026) Analysis & Trends
Dr Reddys Laboratories' Gross Margin history runs 15 years deep, the most recent figure standing at 38.26% for Q1 2026.
- In Q1 2026, Gross Margin fell 1730.0% year-over-year to 38.26%; the TTM figure through Mar 2026 stood at 51.18% (down 735.0% YoY), while the FY2026 annual figure was 52.77%, down 575.0% from the prior year.
- Gross Margin was 38.26% for Q1 2026 at Dr Reddys Laboratories, down from 53.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 60.4% in Q2 2024 to a low of 0.0% in Q3 2022.
- Historically, Gross Margin has averaged 52.65% across 5 years, with a median of 58.53% in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 5378 bps in 2022, then surged 5867 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 57.24% in 2022, then rose by 2 bps to 58.5% in 2023, then grew by 0 bps to 58.68% in 2024, then declined by 9 bps to 53.63% in 2025, then decreased by 29 bps to 38.26% in 2026.
- The last three Gross Margin figures came in at 38.26% (Q1 2026), 53.63% (Q4 2025), and 56.91% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 49.52% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 71.66% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 82.93% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 49.50% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 98.31% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 57.26% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -293.83% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 65.25% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 61.20% |
| 10 | Dr Reddys Laboratories | 122.03 Mn | -51.98 Mn | 368.55 Mn | 38.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.26% |
| Dec 31, 2025 | 53.63% |
| Jun 30, 2025 | 56.91% |
| Mar 31, 2025 | 55.56% |
| Dec 31, 2024 | 58.68% |
| Sep 30, 2024 | 59.59% |
| Jun 30, 2024 | 60.40% |
| Mar 31, 2024 | 58.57% |
| Dec 31, 2023 | 58.50% |
| Sep 30, 2023 | 58.67% |
| Jun 30, 2023 | 58.70% |
| Mar 31, 2023 | 58.69% |
| Dec 31, 2022 | 57.24% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 59.06% |
| Mar 31, 2022 | 49.92% |
| Dec 31, 2021 | 52.91% |
| Sep 30, 2021 | 53.78% |
| Jun 30, 2021 | 53.41% |
| Mar 31, 2021 | 52.34% |