Quick commerce will continue to be the fastest growing sub-segment among Internet companies in the January-March quarter, with Blinkit\u2019s gross order value more than doubling during the quarter on a year-on-year basis, analysts at ICICI Securities said in a recent report.<\/p>\n
A mix of store expansion and product assortment will aid the growth of Blinkit\u2019s GOV, while Zomato\u2019s food delivery business is expected to grow 29.2% year-on-year in Q4. When compared to Q3, Blinkit\u2019s GOV is expected to grow 19.8% in Q4, while that of B2B business Hyperpure is likely to grow 9.6%.<\/p>\n
Overall, the brokerage remains bullish on Zomato and analysts Abhisek Banerjee and Pradyut Ganesh expect the company to post an adjusted revenue growth of 6.9% over the preceding quarter and its adjusted Ebitda margin to improve to 6% from 3.5% in Q3.
\nBesides Zomato, beauty and personal care (BPC) unicorn Nykaa\u2019s revenue is expected to grow about 29% year-on-year, implying further gain in share from offline retailers. As per management\u2019s earlier commentary, net sales value, or the value of items sold after discounts, is expected to grow in high-twenties, higher than the growth expected from the broader BPC category.<\/p>\n
ICICI Securities analysts expect Ebitda growth of 27.9% year-on-year, while Ebitda margin may decline about 10 bps over Q3. The company had reported a net profit of Rs 17 crore in the October-December quarter, on an operating revenue of Rs 1,789 crore.<\/p>\n
As for Delhivery, the brokerage expects a 9.4% growth in express parcel shipment volume, while on a quarter-on-quarter basis it may decline 2%. Partial Truckload will continue to see a steady improvement in volume in Q4, the report added.<\/p>\n
Meanwhile, Nazara Technologies is likely to see a 6.6% growth in sales, on a y-o-y basis, most of which will be on account of its 31% growth in esports business. When compared to Q3, both revenue and profit are expected to decline in Q4.<\/p>\n","protected":false},"excerpt":{"rendered":"
Quick commerce will continue to be the fastest growing sub-segment among Internet companies in the January-March quarter, with Blinkit\u2019s gross order value more than doubling during the quarter on a year-on-year basis, analysts at ICICI Securities said in a recent report. A mix of store expansion and product assortment will aid the growth of Blinkit\u2019s GOV, while Zomato\u2019s food delivery business is expected to grow 29.2% year-on-year in Q4. When compared to Q3, Blinkit\u2019s GOV is expected to grow 19.8% in Q4, while that of B2B business Hyperpure is likely to grow 9.6%. Overall, the brokerage remains bullish on Zomato […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-801050","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=801050"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801050\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=801050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=801050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=801050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}