Q1 FY27 — 9 Jul 2026
Dr. Reddy's Laboratories Limited Q1 FY27
Dr. Reddy's Laboratories announced a temporary delay in the commercial supply of Semaglutide injection due to an impurity issue identified during the scale-up of its API manufacturing process. The company anticipates resuming supply by late October/early November 2026, aiming for 6-7 million pens in Q3 and Q4 FY27. Management assured no patient safety concerns or product recalls for existing market supply, and the issue does not affect oral Semaglutide tablets. The company expects a short-term downside to sales but maintains its overall EBITDA margin target.
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