Divi's Labs Q2 Results Review - Custom Synthesis Drives Earnings: Dolat Capital

With the recent rally in the stock price, there is a limited upside and thus the brokerage maintains ‘Reduce’ rating with a target price of Rs 6,149 at 50 times FY27 P/E.

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Dolat Capital Report

Divi’s Laboratories Ltd.'s Q2 FY25 earnings came above our estimates.

The company guided capex of Rs 16 billion for FY25.

We downgrade our FY25E/FY26E EPS estimates by 2.9%/3.9%, assuming lower Generic sales. We roll over to FY27 and maintain ‘Reduce’ rating with a revised target price of Rs 6,149 at 50 times FY27 P/E.

Click on the attachment to read the full report:

Dolat Capital Divis Laboratories Q2FY25 Result Update.pdf
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Also Read: Lupin Q2 Results Review - India, EU, Growth Markets Drive Earnings: Motilal Oswal

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