Prabhudas Lilladher Reiterates Accumulate on Cipla, Sets Rs 1,450 Target

The broker's report says Cipla's Q2FY27 EBITDA was INR 13.8 billion, with an 18.7% operating margin, missing its estimates by 6%. Management reiterated FY27E margin guidance of 18.5–20% and an exit run-rate of USD 1 billion in US sales, excluding the gLanreotide recovery.