Info Edge Q1-Q2 FY26: revenue, profit, key targets

Stock movement after quarterly updates

Info Edge (India) Ltd, the parent of Naukri.com, saw its shares gaining in trade after a quarterly business update flagged broad-based growth across segments. Commentary around the update also pointed to a sharp one-day move, with the stock quoted about 9.5% higher on the day in one market note. Separately, Info Edge shares have also been reported rising over 3% after the company posted a robust Q2 performance, as brokerages reiterated constructive views. The coverage indicates that near-term price action is being driven by a mix of operating performance and brokerage commentary.

Q1 update: revenue crosses ₹730 crore

The quarterly update cited overall Q1 revenue crossing the ₹730 crore mark, with an uptick of about 14% year-on-year. The same update described “broad-based” growth across segments. Within this, Naukri, the company’s key business, was described as growing around 14% to 15% in the period. The update also cited performance across other verticals such as real estate, matrimony, and education.

Segment snapshot: Naukri, 99acres, Jeevansathi and Shiksha

The update referenced Naukri as “nearly up 18%” as well, alongside 99acres up about 17% and Jeevansathi up about 14% in the quarter. Shiksha, the education-focused segment, was described as facing degrowth for the last few quarters. The reason flagged was AI-driven search behavior and reduced usage, leading to moderation in revenue. Overall, the message from the update was that growth continued in core and adjacent businesses, while Shiksha remained a softer spot.

Q2 FY26 results: profit surge and revenue at ₹805 crore

Info Edge later announced Q2 FY26 results showing a sharp jump in profitability. Net profit was reported up 1,260% to ₹316 crore, while revenue rose 15% to ₹805 crore. The company also declared an interim dividend of ₹2.40 per share. The record date was stated as November 21, 2025, with payment expected after December 5, 2025.

Brokerages: Nuvama, Nomura, Citi and others

Multiple brokerage notes were referenced across different time frames and contexts.

Nuvama maintained a Buy rating in one note with a target price of ₹961, while highlighting “moderate billings growth” and expecting that to translate into lower revenue growth with a lag. It also said margins were likely to remain stable at current levels and noted tweaks to FY27E and FY28E EPS by -0.9% and -0.7%.

Nomura assigned a Buy rating with a target price of ₹8,630 per share after the Q2 performance, citing strength in recruitment. Citi raised its target price to ₹8,850 per share and retained a Buy recommendation after what it called solid Q2 results. Another market update also referenced America Securities upgrading the stock from “underperform” to “buy” and raising its price target to ₹9,000.

Post-split context and target prices

Some targets were explicitly described as post-split levels. Kotak Institutional Equities had an Add rating with a post-split target of ₹1,660, expecting 14% year-on-year growth in Naukri and 15% in 99acres. Nuvama Institutional Equities, in a separate post-split view, expected 13.6% overall revenue growth driven by non-recruitment businesses and carried a Buy rating with a target of ₹1,820.

The company’s board had also approved a stock split in a 1:5 ratio, stating the purpose was to enhance liquidity and encourage retail participation by making shares more affordable. The split was described as to be completed “tentatively” within two months from shareholder and regulatory approvals.

Billings and operational indicators highlighted earlier

Info Edge shares rose nearly 5% on April 8 after it reported a 19% rise in standalone billings for the January-March quarter of FY2025. The shares were reported trading 4.5% higher at ₹6,684 apiece in afternoon trade. Standalone billings were ₹983.8 crore in Q4 FY25 compared with ₹826.9 crore in Q4 FY24. For the full year FY25, standalone billings were reported at ₹2,881.7 crore, up from ₹2,495.9 crore in the previous year.

Another earnings season update for Q3 FY25 said net profit rose over 20% to ₹263 crore from ₹219 crore a year earlier. Revenue from recruitment services increased over 12% to ₹505 crore, with the IT segment growing by 16%. Recruitment billings rose 15% year-on-year in Q3 FY25, supported by recovery in both IT and non-IT segments.

Investment linkage: Eternal (formerly Zomato)

A separate factor mentioned for Info Edge’s recent share move was its investment in Eternal Ltd (formerly Zomato). Info Edge was described as owning a 12.38% stake in Eternal. Eternal reported a 90.12% year-on-year decline in consolidated net profit for the June 2025 quarter (Q1 FY26), while its revenue surged 70.40% on strong quick commerce momentum in Blinkit. The company’s B2C Net Order Value (NOV) rose 55% year-on-year to ₹20,183 crore, with quick commerce overtaking food delivery for the first time.

Valuation caution flagged by Macquarie

Not all commentary was uniformly positive on valuation. Macquarie raised its target price to ₹5,200, but also noted this implied about 21% downside from the prevailing market price referenced in its note. Macquarie said growth was not conducive to the current valuation and pointed to the stock trading at 40x FY27 price-to-earnings. It also said that with Naukri cash flows subsidising loss-making divisions, group return on equity remained about 5%.

Key numbers at a glance

Market impact and why the update mattered

The data points show Info Edge’s core recruitment franchise continuing to post growth, while newer verticals such as 99acres and Jeevansathi also recorded double-digit gains in the cited update. The sharp jump in Q2 FY26 profit to ₹316 crore and the interim dividend added a shareholder-return angle alongside operating performance. At the same time, Shiksha’s degrowth trend highlights that not all business lines are moving in the same direction, particularly as AI-driven search changes user behavior.

Brokerage targets varied widely across notes, in part because some targets were referenced on post-split levels and others on pre-split levels. Alongside bullish calls from multiple firms, at least one global brokerage flagged valuation pressure and relatively low group ROE in its framing.

Conclusion

Info Edge’s reported Q1 revenue crossing ₹730 crore and Q2 FY26 results showing ₹805 crore revenue and ₹316 crore net profit kept the stock in focus. The interim dividend of ₹2.40 per share and multiple brokerage updates added to the momentum narrative. Investors tracking the stock will likely continue to watch recruitment billings trends, traction in non-recruitment businesses, and the timeline around the 1:5 stock split completion as disclosed.