IndiaMART Intermesh Reports Mixed Quarter; AI-Led Products To Drive Revenue From Q4 Onwards: Mgmt
CNBC-TV18 · 28 Oct 2026 · 6 min
Management interview of IndiaMART InterMESH Ltd (INDIAMART), with 4 key numbers discussed.
- Dinesh Agarwal, Founder & CEO, IndiaMART Intermesh
IndiaMART expects full-year revenue growth to be closer to 10%, supported by a typically stronger second half. Net subscriber addition has flattened over recent quarters, primarily facing pain in the silver customer tier, while about 1 lakh gold and platinum customers remain highly engaged. Unique business inquiries fell due to seasonality, AI factors, and measures taken to gate proprietary matchmaking data behind logins to prevent scraping by LLMs. In addition, Busy is growing at 25-30%, and new AI-led products are expected to generate incremental revenue starting Q4.