Motilal Oswal: Info Edge - Commanding A Leader’s Premium
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Motilal Oswal Report
Info Edge India Ltd. has seen a surge in traffic after the trough witnessed in April-May 2020 for three of its four operating entities.
While traffic for Naukri plunged approximately 50% in April 2020, it has now risen by 35%. Similarly, traffic for 99acres plummeted by 60% in April 2020, but thereafter increased by 90%.
Further, billings for the two entities too are showing similar trends for Naukri/99acres, billings declined 54%/85% in April 2020.
However, overall decline in billings has been curtailed to approximately 44%/70% in Q1 FY21, which suggests early signs of recovery.
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