Zydus Lifesciences Q2 Review: ICICI Securities Maintains ‘Hold’ Rating, Sees 4% Downside
ICICI Securities has maintained its ‘Hold’ rating on Zydus Lifesciences Ltd. with a lower target price of Rs 900, citing a 4% downside. The company’s Q2 FY26 revenue was driven by recent acquisitions in consumer wellness and medtech divisions, but subdued margins and lower revenue of gRevlimid impacted Ebitda margin.