IndiaMart InterMesh , India's leading B2B marketplace platform, has received a revised target price from global brokerage firm Nomura. The investment firm has set a new target price of ₹1,975.00 for the stock while maintaining its reduce rating.

Brokerage Assessment

Nomura's price target revision comes as part of its ongoing coverage of the B2B marketplace sector. The brokerage has maintained its reduce rating on IndiaMart InterMesh shares, indicating expectations of potential underperformance relative to the broader market.

Market Implications

The reduce rating typically suggests that the brokerage expects the stock to deliver below-average returns compared to the overall market or sector peers. This assessment reflects Nomura's current view on the company's valuation and near-term prospects in the competitive B2B marketplace segment.

Investors and market participants often consider such brokerage recommendations as part of their investment decision-making process, though individual investment choices should be based on comprehensive analysis and personal risk tolerance.

IndiaMART Intermesh has provided guidance on its business growth trajectory, indicating that paid supplier growth will remain flat for another quarter before recovering in the coming months.

Growth Recovery Timeline

The company expects no change in paid supplier growth for the immediate quarter ahead. However, management anticipates a return to natural growth numbers by April, May, or June, suggesting a recovery timeline within the next few months.

ARPU Growth Projections

IndiaMART Intermesh has outlined its Average Revenue Per User (ARPU) growth expectations across different customer segments:

The differentiated growth rates indicate that the company's premium customers are expected to contribute higher revenue growth compared to the overall customer base.

Market Outlook

Management has expressed confidence in the long-term business prospects, stating that current market trends support the projected growth outlook. This suggests that despite the temporary plateau in paid supplier growth, the underlying business fundamentals remain strong for the B2B marketplace platform.

The company's guidance reflects a measured approach to growth expectations, with clear timelines for recovery and differentiated projections across customer segments.