Internet Q2 Results Preview - Mixed Bag; Gearing Up For Festive Season: ICICI Securities

ICICI Securities Report

In Q2 FY25, quick-commerce should again emerge as the growth leader, followed by food delivery. Investors are likely to focus on any change in guidance from Zomato/Blinkit and on ‘District’ scale-up strategy.

Info Edge published robust billing growth numbers. Investors shall also focus on visibility of growth in recruitment and profitability improvement in other businesses.

Continued insourcing ramp up by Meesho and front-loading of festive expenses may keep Delhivery’s margin under pressure. Sequential improvement in net additions and sustained margin improvement YoY should benefit IndiaMart.

Robust BPC growth is a positive for Nykaa – investors may focus on slowing growth in fashion. Any clarity on Justdial plans to return excess funds to shareholders would be a trigger for the stock.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.