• Dr Reddy's Laboratories average gross margin for 2023 was 58.05%, a 7.72% increase from 2022.
• Dr Reddy's Laboratories average gross margin for 2022 was 53.89%, a 0.56% increase from 2021.
• Dr Reddy's Laboratories average gross margin for 2021 was 53.59%, a 0.92% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.