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Dr Reddy’s Charts Sharp Cost Overhaul Amid Weak Q1

 
• By Anju Ghangurde

Dr Reddy’s plans a significant review of its “cost structure”, including potential portfolio rationalization and R&D site optimization, as part of broader efforts to emerge “leaner and agile” as it grapples with multiple business challenges that saw it post disappointing first quarter earnings.

Pharma pills

Dr. Reddy's Laboratories Ltd. reported a weak first quarter but the management hopes that sustained efforts in three “high priority” areas including setting right a skewed cost structure and strengthening manufacturing and quality compliance could restore momentum.

Dr Reddy’s co-chairman and CEO G V Prasad expects the firm to transition to a “leaner and flexible” cost structure,...

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