Dr. Reddy’s Laboratories Restricted (RDY) Q2 2026 Earnings Name Transcript

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Dr. Reddy’s Laboratories Limited (NYSE:RDY) Q2 2026 Earnings Call October 24, 2025 10:00 AM EDT

Company Participants

Richa Periwal – Head of Investor Relations and Analytics
Mannam Venkatanarasimham – CFO & Member of the Management Council
Erez Israeli – CEO & Member of the Management Council

Conference Call Participants

Neha Manpuria – BofA Securities, Research Division
Damayanti Kerai – HSBC Global Investment Research
Bino Pathiparampil – Elara Securities (India) Private Limited, Research Division
Saion Mukherjee – Nomura Securities Co. Ltd., Research Division
Madhav Marda – Fidelity Investments
Kunal Dhamesha – Macquarie Research
Tushar Manudhane – Motilal Oswal Securities Limited, Research Division
Kunal Randeria – Axis Capital Limited, Research Division
Vivek Agrawal – Citigroup Inc., Research Division
Harith Mohammed – Spark Institutional Equities Private Limited, Research Division
Sumit Gupta – Centrum Broking Limited, Research Division

Presentation

Operator

Good day, and welcome our quarter 2 fiscal year 2026 (indiscernible) Limited. I’m Aishwarya Sitharam and I’m part of the Dr. Reddy’s Investor Relations team. (Operator Instructions) I now hand over the conference to Richa Periwal.

Richa Periwal
Head of Investor Relations and Analytics

Thanks, Aishwarya. Good morning, good evening, and a warm welcome to all. We hope you had a joyful and safe Diwali celebrations with your loved ones. Thank you for joining us for Dr. Reddy’s Laboratories Q2 FY ’26 Earnings Conference Call. We truly value your time and participation.

Joining us today are members of the leadership team. Mr. Erez Israeli, CEO; Mr. MVN, our CFO; and the Investor Relations team. Earlier today, we released our quarterly financial results. These are now available on your website for your reference. We will begin today’s session with MVN providing an overview of our financial performance for the quarter.

Following that, Erez will share his insights on key business highlights and our strategic outlook. We will then open the floor for questions. Before we proceed, please note that

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