Zydus Lifesciences Ltd. reported Q4 growth with a 33.2% Ebitda margin increase year-on-year.
Despite positive numbers, Citi maintains a 'sell' rating due to concerns over earnings concentration in specific products.
US sales of Zydus Lifesciences reached $363 million, with quarterly growth possibly driven by generic Myrbetriq or Sitagliptin.
Citi highlights potential upside trends for Zydus shares but remains cautious about concentration risk in specific products and potential negative surprises.