IndiaMART InterMESH has outlined its financial outlook for FY27, indicating a focus on steady revenue growth and margin stability despite ongoing challenges in its core business, as per the CNBCTV18 news report.
The company continues to face variability in subscriber additions and softer demand from small and medium enterprises.
At the same time, it is aiming to maintain profitability and strengthen growth drivers across segments.
The company is targeting revenue growth in the range of 10–12% for FY27, with operating margins expected to remain around 33%, with a possible variation of 1–2%. This guidance reflects a balanced approach between growth and profitability.
Management has reiterated its focus on sustaining double-digit revenue expansion while maintaining operational efficiency, the report added.
IndiaMART has experienced fluctuations in its paid subscriber base over the past two years. Quarterly additions have varied in the range of 1,000–2,000 users, indicating inconsistency in growth momentum.
The company attributes this trend largely to subdued demand from the small and medium enterprise (SME) segment, along with broader macroeconomic and geopolitical uncertainties. While earlier targets indicated 2,000–3,000 quarterly additions, management has refrained from providing a firm full-year outlook.
On the collections front, the company reported stable performance despite seasonal variations. Collections declined sequentially but registered growth on a year-on-year basis—around 8–9% on a standalone basis and approximately 13% on a consolidated basis.
This suggests underlying resilience in the business despite near-term fluctuations.
IndiaMART’s accounting software platform, Busy, continues to show steady progress. The platform added approximately 44,000 subscribers during the year and is approaching break-even levels.
Management indicated that Busy is generating positive operating cash flows, with quarterly inflows of ₹5–10 crore and around ₹45 crore annually. The platform is expected to maintain growth of about 25% with improving margins, contributing to overall performance.
The company highlighted that mark-to-market adjustments linked to interest rate movements may introduce volatility in quarterly earnings. However, these fluctuations are not expected to materially affect the broader annual performance.
IndiaMART reported a decline in profitability in the fourth quarter. Net profit fell 72.2% year-on-year to ₹50.2 crore. Revenue from operations increased 13.9% to ₹404.3 crore, while EBITDA rose marginally by 1.7% to ₹132.6 crore.
EBITDA margin declined to 32.8% from 36.7% in the previous year, reflecting cost pressures and operational challenges.
Shares of IndiaMART InterMESH closed at ₹2,098, down ₹5.60 or 0.27% during the session.
IndiaMART’s outlook for FY27 reflects a focus on steady growth and margin stability amid ongoing challenges in its core business environment.
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Published on: May 4, 2026, 3:49 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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