New Delhi, May 19 -- Global brokerage Goldman Sachs has reiterated its "Buy" rating on Paytm, stating that the company is witnessing "accelerating growth momentum across multiple segments" as it scales its payments, lending and financial services businesses.

In its latest report, after hosting Paytm management at the Asia Communacopia and Technology conference, Goldman Sachs said the company expects revenue growth to accelerate in FY27, with operating leverage continuing to improve. According to the report, Paytm sees a path toward 15 per cent to 20 per cent EBITDA margins over the next two to three years.

The brokerage highlighted that Paytm expects revenue growth in the "20s percentage" range over the near to medium term, supported by...