Internet Q4 Results Preview - Quick Commerce To Continue Leading The Way: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We believe online may continue to outpace offline in Q4 FY24E, with quick commerce continuing to be the fastest growing sub-segment. We estimate Blinkit gross order value to grow more than 100% YoY, aided by a mix of store expansion and assortment. Even food delivery gross order value growth (our estimate: 29% YoY) could be higher than 20% YoY guidance given during Q3 FY24 earnings call. We estimate Nykaa’s revenue to grow ~29% YoY, which would imply further gain in share from offline. We estimate Info Edge India Ltd.’s revenue to grow 10.5% YoY, signalling a recovery in both recruitment and real estate. In our view, Nazara Technologies Ltd.’s revenue growth is estimated to remain subdued given a seasonally weaker quarter, but profit delivery could be a positive surprise (our estimate: profit after tax growth of 786% YoY). Top picks: Zomato Ltd., Info Edge and Nazara..Click on the attachment to read the full report:.Infra Sector Check - Subdued NHAI Project Awarding In FY24 Hurts Order Inflows: Motilal Oswal.DISCLAIMERThis 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."

Internet Q4 Results Preview - Quick Commerce To Continue Leading The Way: ICICI Securities

We believe online may continue to outpace offline in Q4, with quick commerce continuing to be the fastest growing sub-segment

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Internet Q4 Results Preview - Quick Commerce To Continue Leading The Way: ICICI Securities

We believe online may continue to outpace offline in Q4, with quick commerce continuing to be the fastest growing sub-segment

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