Dr. Reddy's Laboratories Ltd

RDY Healthcare Drug Manufacturers Specialty & Generic

Dr. Reddy's Laboratories Ltd’s revenue for fiscal 2026 (year ended March 2026) was $3.6 billion, down 6.06% from fiscal 2025.

Revenue
−10.1%
EPS
−36.8%
Free cash flow
−70.5%
Total debt
+14.1%

Quarter to September 2026, against a year earlier

14.53 0.24 −1.62%
Market cap
$12.1B
P/E
44.4×
Fwd P/E
30.7×
Dividend yield
0.00%
F-score
4/9
Altman Z
5.26
Beneish M
−2.59
Dividend safety
74/100

Dr. Reddy's Laboratories Ltd (RDY) Operating margin

Alert me on Operating margin

Dr. Reddy's Laboratories Ltd's operating margin over the twelve months to 30 September 2026 was 9.20%, down 5.9 percentage points from fiscal 2026 (15.1%). Over the past ten years it has ranged from 8.39% (fiscal 2018) to 24.2% (fiscal 2024); the current reading is higher than 42% of that period. That is above the Drug Manufacturers Specialty & Generic industry median of 0.00% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 15.1% (7.03)
FY2025 22.1% (2.15)
FY2024 24.2% 1.01
FY2023 23.2% 9.46
FY2022 13.8% (3.54)
FY2021 17.3% (1.47)
FY2020 18.8% 5.21
FY2019 13.6% 5.18
FY2018 8.39% (1.19)
FY2017 9.58% (9.56)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 14.6% 9.82
Jun 2026 4.81% 9.34
Mar 2026 −4.53% (20.85)
Dec 2025 16.3% (3.57)
43 more quarters

Against its own ten years

Low 8.39% High 24.2%
Ten-year median 17.5%
Current reading's percentile 9

Operating margin against peers

Company Operating margin
NBIX Neurocrine Biosciences, Inc. compare 24.0%
LNTH Lantheus Holdings, Inc. compare 18.6%
AMRX AMNEAL PHARMACEUTICALS, INC. compare 15.0%
KNSA Kiniksa Pharmaceuticals International, plc compare 13.8%
RDY Dr. Reddy's Laboratories Ltd 9.20%
ALKS Alkermes plc compare 3.66%
ELAN Elanco Animal Health Incorporated compare 1.61%
VTRS Viatris Inc. compare −0.03%
HIMS Hims & Hers Health, Inc. compare −5.99%
Drug Manufacturers Specialty & Generic industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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