INDIAMART INTERMESH LTD

During the earnings conference call held on July 21, 2026, management reported a consolidated revenue from operations of Rs. 414 crores for Q1 FY27, reflecting an 11% year-on-year growth. Consolidated collections from customers increased by 8% to Rs. 463 crores, while deferred revenue rose by 16% to Rs. 2,014 crores. The total paying supplier base decreased by 1,850 suppliers, attributed to elevated churn at the Silver subscription tier. Management highlighted initiatives to enhance trust and safety on the platform, including a Buyer Payment Protection Program and improved seller verification processes. The call also discussed the establishment of a new subsidiary, IndiaMART Finance Limited, aimed at facilitating short-term credit for MSMEs. Management acknowledged challenges in buyer acquisition and churn, emphasizing a focus on quality over quantity in their customer base. The session concluded with a Q&A segment addressing various operational and strategic queries.

Management reported growth in revenue and initiatives to enhance platform trust, while also addressing challenges in supplier retention and buyer acquisition.