It expects sales to grow by 40% YoY, driven by a 35% growth in beauty and personal care (BPC) category and a 41% growth in fashion gross merchandise value (GMV). EBITDA margin is expected to contract 77 basis points sequentially to 5.5%, but on a YoY basis, it is seen expanding by 55 bps.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may