Motilal Oswal Financial Services has maintained a Neutral rating on Info Edge, with a target price of ₹1,350, citing stable operational performance but highlighting pressure on margins due to rising marketing expenses.
According to the brokerage, non-recruitment verticals are nearing break-even, but the near-term outlook for margin expansion remains subdued as the company continues with growth-focused investments.
Motilal Oswal forecasts EBITDA margins of 40.5% for FY26 and 41.1% for FY27, reflecting moderate improvement driven by scale and efficiency gains.
For Q1FY26, the brokerage expects robust growth across key metrics:
- Revenue to rise 17.2% YoY
- EBITDA to increase 23.2% YoY
- PAT to grow 19.3% YoY
While Info Edge continues to deliver steady execution, the report notes that sustained spending on customer acquisition and brand-building may keep margins under pressure in the short term.
Disclaimer: The views and recommendations expressed above are those of the brokerage firm. Business Upturn does not endorse or offer any investment advice.
