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Zydus, Divi's Post Strong Q2 With Zydus' Rs 5,000 Crore Fundraise Cleared

Investors reacted cautiously, highlighting questions about durability of US-led growth alongside forex-aided margins.

Overview

  • Zydus Lifesciences reported Q2 FY26 revenue of Rs 6,123 crore and net profit of about Rs 1,259 crore, up 38% year on year.
  • Zydus’ growth was led by US formulations revenue of Rs 2,744 crore (up roughly 13% YoY) and India formulations revenue of Rs 1,593 crore (up 8%).
  • Zydus’ board approved raising up to Rs 5,000 crore via securities, and the company completed 100% ownership of Amplitude Surgical and acquired UK-based Comfort Click.
  • Divi’s Laboratories posted Q2 revenue of Rs 2,715 crore (up 16% YoY) and net profit of Rs 689 crore (up 35%), supported by foreign exchange gains of Rs 63 crore.
  • Shares fell despite the results, with Zydus down about 3% on the BSE and Divi’s off nearly 4%.