Dr Reddys Laboratories (RDY) Net Margin (2009 - 2023)
Dr Reddys Laboratories (RDY) posted quarterly Net Margin of 21.5% for Q2 2023, up 3.16% on a QoQ basis from 20.84% in Q1 2023.
Dr Reddys Laboratories (RDY) Net Margin (2009 - 2023) Analysis & Trends
Dr Reddys Laboratories (RDY) has reported Net Margin for 15 consecutive years, with 21.5% the latest figure, recorded in Q2 2023.
- Quarterly Net Margin changed N/A year-over-year to 21.5% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 0.0% (changed N/A YoY) and the FY2026 annual result came in at 12.74%, down 466.0% from the prior year.
- Net Margin improved to 21.5% in Q2 2023 per RDY's latest filing, from 20.84% in the prior quarter.
- Over the last five years, Net Margin for RDY reached as high as 22.73% in Q2 2019 and fell as low as 16.0% in Q3 2020.
- A 5-year average of 12.07% and a median of 17.25% in 2021 frame the typical range for Net Margin.
- The largest YoY upside for Net Margin was 957 bps in 2019 against a maximum downside of 2560 bps in 2019.
- Year by year, Net Margin stood at 13.03% in 2019, then slipped by 23 bps to 16.0% in 2020, then surged by 208 bps to 17.25% in 2021, then fell by 12 bps to 15.25% in 2022, then soared by 41 bps to 21.5% in 2023.
- According to Business Quant data, Net Margin over the past three periods registered 21.5%, 20.84%, and 15.25% for Q2 2023, Q1 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 9.29% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 26.57% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | -33.66% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 35.18% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 5.03% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 24.30% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 4.16% |
| 10 | Dr Reddys Laboratories | 9.82 Bn | 9.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 21.50% |
| Mar 31, 2023 | 20.84% |
| Dec 31, 2022 | 15.25% |
| Jun 30, 2021 | 17.25% |
| Mar 31, 2021 | 11.61% |
| Sep 30, 2020 | -16.00% |
| Jun 30, 2020 | 22.21% |
| Mar 31, 2020 | 13.14% |
| Sep 30, 2019 | -13.03% |
| Jun 30, 2019 | 22.73% |
| Mar 31, 2019 | 17.28% |
| Dec 31, 2018 | 10.84% |
| Sep 30, 2018 | 12.57% |
| Jun 30, 2018 | 13.17% |
| Mar 31, 2018 | 12.28% |
| Dec 31, 2017 | 8.53% |
| Sep 30, 2017 | 8.72% |
| Dec 31, 2016 | 8.29% |
| Sep 30, 2016 | 14.55% |
| Mar 31, 2016 | 16.70% |