Whalesbook
ICICI Securities has maintained its BUY recommendation for Jyothy Labs, revising the target price to INR 400 from INR 430. The company's Q2FY26 performance saw value and volume growth of 2.8% and 0.4% respectively, impacted by GST disruptions and pricing adjustments. While fabric care and dishwash segments showed promise, personal care and household insecticides faced headwinds. The brokerage anticipates recovery driven by new products and strategic initiatives, with management confident of achieving double-digit volume growth by Q4FY26.