IndiaMART InterMESH

IndiaMART reported Q4 FY26 consolidated revenue of ₹404 croreCurrent reported value: ₹404 crore. No comparable prior figure is available in the source record. (+14Current reported value: 14. No comparable prior figure is available in the source record.% YoY) and EBITDA margin of 33%Current reported value: 33%. No comparable prior figure is available in the source record.. Paying suppliers declined by 1,200 sequentially to 2,20,000, driven by price hike impacts and geopolitical headwinds. Collections grew 10% YoYCurrent reported value: 10% YoY. No comparable prior figure is available in the source record. to ₹595 crCurrent ₹595 Cr. Reported change: +10% YoY.ore, while deferred revenue rose 17%Current reported value: 17%. No comparable prior figure is available in the source record. to ₹1,965 crCurrent ₹1,965 Cr. Reported change: +17% YoY.ore. Management acknowledged a potential vicious loop as both supplier additions and buyer activity slow. Silver segment churn worsened to ~7% monthly, while platinum/gold remained healthy. ARPU growth is now the primary revenue driver, but management sees limited near-term catalyst for re-acceleration. Risk: Failure to improve silver retention could prolong low growth.