Dr Reddys Laboratories (RDY) Operating Margin (2012 - 2026)

Dr Reddys Laboratories' Operating Margin history runs 15 years deep, the most recent figure standing at 1.5% for Q1 2026.

• In Q1 2026, Operating Margin fell 1924.0% year-over-year to 1.5%; the TTM figure through Mar 2026 stood at 14.84% (down 724.0% YoY), while the FY2026 annual figure was 15.06%, down 704.0% from the prior year.
• Operating Margin was 1.5% for Q1 2026 at Dr Reddys Laboratories, down from 16.32% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 26.14% in Q1 2023 to a low of 1.5% in Q1 2026.
• Historically, Operating Margin has averaged 21.5% across 5 years, with a median of 22.88% in 2024.
• The sharpest annual moves came in 2022 and 2026: Operating Margin surged 1693 bps in 2022, then slumped 1924 bps in 2026.
• A 5-year view of Operating Margin shows it stood at 19.69% in 2022, then grew by 22 bps to 23.93% in 2023, then slipped by 6 bps to 22.4% in 2024, then slipped by 27 bps to 16.32% in 2025, then plunged by 91 bps to 1.5% in 2026.
• The last three Operating Margin figures came in at 1.5% (Q1 2026), 16.32% (Q4 2025), and 20.45% (Q2 2025), per Business Quant data.