Dinesh Agarwal, CEO of IndiaMART InterMESH , said the company is confident of achieving double-digit growth in 2025-26 (FY26), backed by steady business momentum and improving collection trends. “Collections are trending at around 10%, and we are looking forward to doing a double-digit growth in this particular financial year,” Agarwal said, adding that the underlying demand environment remains stable.

He expects operating margins to stabilise around 33%, calling this the company’s “normalised level.” The decline from last year’s higher margins was due to one-off factors and increased advertising spending. IndiaMART has started investing around ₹6 crore per quarter in advertising, which Agarwal said has had a 2% impact on margins but is essential for long-term brand visibility.

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