Q1 2026 Indiamart Intermesh Ltd Earnings Call Transcript
Key Points
- IndiaMART InterMESH Ltd (BOM:542726) reported a consolidated revenue from operations of INR372 crore for Q1 FY26, marking a year-on-year growth of 12%.
- Collections from customers increased to INR430 crore, representing a 17% year-on-year growth.
- The company saw a 17% year-on-year growth in unique business inquiries, reaching 29 million for the stand-alone business.
- IndiaMART is leveraging generative AI and machine learning to enhance platform offerings and improve user experience.
- The company maintains a strong cash and treasury balance of INR272 crore as of June 30, 2025, indicating robust financial health.
- Churn rates remain elevated for silver monthly and annual customers, with no significant improvement observed yet.
- Despite increased advertising spend, the impact on net additions and retention is still uncertain and requires further optimization.
- Losses from associates have been increasing, partly due to reclassification and increased shareholding in certain investments.
- The company faces challenges in effectively utilizing advertising budgets to achieve desired outcomes in customer acquisition and retention.
- There is a need for further experimentation and optimization in advertising strategies to derive full benefits and scale effectively.
Good evening, everyone. I am Avijit Vikram, Head of Investor Relations. On behalf of IndiaMART InterMESH Limited, I welcome you all to the company's quarter one FY26 earnings webinar. (Operator Instructions)
Joining us today from the management side, we have Mr. Dinesh Agarwal, Chief Executive Officer; Mr. Brijesh Agrawal, Whole Time Director; Mr. Jitin Diwan, Chief Financial Officer; and Mr. Prateek Chandra, Chief Strategy Officer.
Before we begin, I would like to remind you that some of the statements made in today's conference call may be forward-looking in nature and may involve risks and uncertainties. Kindly refer to slide number 3 of the earnings presentation for the detailed disclaimer.
Now I would like to hand over the call to Mr. Dinesh Agarwal for his opening remarks. Thank you, and over to you, sir.
Thank you, Avijit. Good evening, everyone, and welcome to
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