HYDERABAD: Drug major Dr Reddy’s Laboratories on Tuesday said its consolidated net profit declined by 80% to ₹126.3 crore for the June quarter against ₹625.7 crore in the year-ago period as sales slipped in the US and Venezuelan markets. Consolidated net income from sales and services declined 14% to ₹3,234.5 crore against ₹3,757.8 crore in the year-ago period.

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