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Nirmal Bang initiates coverage on Zota Health with a 'Buy' rating citing strong growth trajectory.
12 Dec 2025, 10:45 AM IST i 12 Dec 2025, 10:45 AM IST 12 Dec 2025, 10:45 AM IST

Davaindia contributes ~64% of Zota’s FY25 revenue and remains the company’s most important long-term growth driver.
(Photo: Zota website)
Industry tailwinds—such as rising chronic disease burden, affordability pressures, and government push for generics—reinforce Zota’s positioning as a structural winner in India’s evolving pharmaceutical retail landscape.

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