"The cream is an advanced, Ceramide dominant, non-greasy and quick absorbing formulation that helps in moisturisation of skin," the company said in a statement.
The product also forms an skin barrier that prevents loss of moisture through the skin, it added.
The Rebask cream is available as a 50 gm tube pack, Dr Reddy's Laboratories said.
Shares of Dr Reddy's Laboratories today closed at Rs 2,283.15 per scrip on BSE, down 5.22 per cent from their previous close.