17 Oct 2025 | 5 Mins Read
Zee Entertainment shares decline on steep Q2 PAT drop
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Zee Entertainment Enterprises reported 63% Y/Y drop in consolidated net profit to Rs 76.5 crore in Q2FY26 from Rs 209.4 crore in Q2FY25. Revenue declined 2% YoY to Rs 1,996 crore, with advertising business witnessing a 12% YoY decline due to reduced FMCG spending. Nuvama revised Zee's target price downward to Rs 155 and cut EPS estimates by 11.5%, 7%, and 7% for FY26, FY27, and FY28 respectively.