Dr. Reddy's Laboratories Ltd. 8-2-337, Road No. 3, Banjara Hills, Hyderabad - 500 034, Telangana, India. CIN : L85195TG1984PLC004507 Tel :+91 40 4900 2900 Fax :+91 40 4900 2999 Email :mail@drreddys.com www.drreddys.com

Please find enclosed a Press Release on

"Dr. Reddy's launches Minoxidil for women following first-ever approval in India for the treatment of female pattern

This is for your information.

CC:- New York Stock Exchange Inc. (Stock Code: RDY)

IFSC Ltd. (Stock Code: DRREDDY)

Dr. Reddy's launches Minoxidil

for women following first-ever approval in

India for the treatment of female pattern

India. September 07, 2021 - Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY,

hereafter referred to as "Dr. Reddy's") announced the launch of the prescription drug Minoxidil topical solution

USP 2% and 5% for the treatment of female pattern hair loss (FPHL). Dr. Reddy's will sell its products under the brand names

Mintop 2% and Mintop Eva 5% respectively.

The launch follows the first-ever approval

of the additional indication by the Central Drugs Standard Control Organization (CDSCO) in India for the use of Minoxidil topical

solution USP 2% and 5% for treatment of FPHL. Minoxidil topical solution will become available as first-line treatment option for

FPHL in India. While Minoxidil topical solution has been approved in India for the treatment of alopecia in men (male pattern baldness),

there are presently no other drugs approved for the treatment of FPHL in India.

Female pattern hair loss is the most common

cause of hair loss in women and its prevalence increases with advancing age, often leading to psychological distress(1).

Initial symptoms may develop during the teenage years and may lead to progressive hair loss with a characteristic pattern distribution(2).

Prevalence of FPHL may also increase post menopause with a possible hormonal influence(3). Minoxidil Topical Solution

acts like a peripheral vasodilator that further enhances microcirculation to hair follicles. It can reverse the hair loss process

of androgenetic alopecia by increasing the diameter of the hair shaft. The solution is responsible for stimulating anagen growth

and prolonging the anagen phase. It also stimulates anagen recovery from the telogen phase(4). Minoxidil will be available

only on prescription by a dermatologist.

M.V. Ramana, Chief Executive Officer

- Branded Markets (India & Emerging Markets) said: "This approval marks the first-ever given to a first-line

treatment option for female pattern hair loss, and truly fulfils a hitherto unmet need. Our Minoxidil topical solution (Mintop

2% & Mintop Eva 5%) for women will be widely available in the country, and through this launch, we hope to bring relief

and comfort to patients diagnosed with FPHL in India."

Dr. Reddy's: Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) is an integrated

pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses

- Pharmaceutical Services & Active Ingredients, Global Generics and Proprietary Products - Dr. Reddy's offers

a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and differentiated

formulations. Our major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management

and dermatology. Dr. Reddy's operates in markets across the globe. Our major markets include - USA, India, Russia

& CIS countries, and Europe. For more information, log on to: www.drreddys.com

Disclaimer: This press release may include

statements of future expectations and other forward-looking statements that are based on the management's current views and

assumptions and involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ

materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of

context, the words "may", "will", "should", "expects", "plans", "intends",

"anticipates", "believes", "estimates", "predicts", "potential", or "continue"

and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those

in such statements due to without limitation, (i) general economic conditions such as performance of financial markets, credit

defaults , currency exchange rates, interest rates, persistency levels and frequency / severity of insured loss events, (ii) mortality

and morbidity levels and trends, (iii) changing levels of competition and general competitive factors, (iv) changes in laws and

regulations and in the policies of central banks and/or governments, (v) the impact of acquisitions or reorganization, including

related integration issues, and (vi) the susceptibility of our industry and the markets addressed by our, and our

customers', products and services to economic downturns as a result of natural disasters, epidemics, pandemics or other widespread

illness, including coronavirus (or COVID-19), and (vii) other risks and uncertainties identified in our public filings with the

Securities and Exchange Commission, including those listed under the "Risk Factors" and "Forward-Looking Statements"

sections of our Annual Report on Form 20-F for the year ended March 31, 2021. The company assumes no obligation to update any information