Mumbai, Feb. 5 -- The stock had fallen 14.80% over the past three sessions and is down 15.87% over the last one month.

The recent decline followed a sharp widening of consolidated net loss to Rs 490.68 crore in Q3 FY26 from Rs 37.43 crore in Q3 FY25, even as net sales rose 31.32% YoY to Rs 3,517.60 crore.

Adjusted EBITDA marketplace margin for Q3FY26 was at -4.2% (Rs -460 crore) due to lower contribution margin and accelerated user growth and engineering investments. Adjusted EBITDA for New Initiatives was at Rs 19 crore, up 44% QoQ and 30% YoY with continuous improvement in user adoption for financial services platform.

Founder and CEO Vidit Aatrey said the company stepped up advertising and sales promotion spend to 2.4% of NMV in Q3 ...