Policybazaar, Nykaa strong bets after lock-in expiry: JM Financial
With incremental scale achieved by growth across BPC, fashion and other (B2B superstore primarily) verticals, we expect the EBITDA margin to improve 60 bps sequentially and 132 bps YoY due to lowering of fulfillment costs due to regional centres and operating leverage, the brokerage added.
