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Economic Times
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Most listed new-age startups improve Q4 profitability; Swiggy, Ola lag behind
- 11 out of 17 new-age companies listed on Indian stock exchanges showed improved profitability in Q4, with Nykaa and Policybazaar leading the pack in revenue growth and profits.
- Losses widened for Swiggy, Eternal, FirstCry, Mobikwik, and Ola Electric in the same quarter.
- Nykaa and PB Fintech margin improvements post IPOs were highlighted by brokerages, indicating continued momentum in profitability.
- Nykaa's core BPC segment poised for margin enhancement due to its differentiated market positioning.
- Honasa Consumer (Mamaearth) saw profits decline 15% post offline restructuring, expecting positive impact moving forward.
- Increased cash burn for Zomato's Eternal and Swiggy's Blinkit and Instamart units impacted their earnings amidst food delivery slowdown.
- Swiggy forecasts unwinding losses progressively, contrasting Blinkit's aggressive market share pursuit strategy at the cost of profitability.
- Ola Electric faced expanding losses and revenue fall, losing market share to legacy players, as per Kotak Institutional Equities analysis.
- Delhivery and BlackBuck showed profits for Q4, with Delhivery marking its first full year of net profit fueled by improved transportation business.
- BlackBuck turned profitable pre-tax by tightening expenses, with a significant portion of net profit attributed to a one-time tax credit.
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