Urban Company gets 'Sell' call from Ambit; brokerage prefers PB Fintech, MakeMyTrip, TBO Tek, Blackbuck, Affle
"Urban Company has driven standardization/transparency in India's largely unorganized Rs 5 lakh crore home services market. High service quality and loyal customer base enabled 20 per cent India business CAGR over FY23-26. But further growth depends on non-top8 cities, with top8 penetration already ~51 per cent. Growth will require investments in marketing/service professionals, limiting core India business margin uptick," the brokerage stated.
"Urban Company has driven standardization/transparency in India's largely unorganized Rs 5 lakh crore home services market. High service quality and loyal customer base enabled 20 per cent India business CAGR over FY23-26. But further growth depends on non-top8 cities, with top8 penetration already ~51 per cent. Growth will require investments in marketing/service professionals, limiting core India business margin uptick," the brokerage stated.
What's Your Reaction?
DDP Editor
Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.
