India, Nov. 9 -- The 2026 festive season began in muted fashion, but the performance of some of the key new-age tech stocks in the pre-festive quarter (Q2 FY27) shows that even in this environment businesses are able to extract and expand profits, and grow their topline.

When we see the financial performance of ecommerce, fintech and logistics stocks, it's clear companies entered this period with a lot more confidence and absorbed some of these headwinds. Pretty much each one of them improved on their profitability metrics and their topline.

As Inc42 reported in October, early data from the festive season sales indicated that Indian consumers kept shopping, but with more abandon.

Online sales slipped from last year, card spending and s...