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India's B2B platform IndiaMART disclosed in its September 2026 quarter (Q2 FY27) earnings release that it has moved some content behind a login to block scraping by search engines and LLMs. According to MediaNama, IndiaMART CEO Dinesh Agarwal, explaining the decline in inquiries, cited Google AI Overviews and the aforementioned content access restrictions as partial reasons, and said he is willing to forgo the current 10-20% of business inquiries to protect proprietary data. The same report shows that in the quarter, net profit rose 10% year-on-year to 907 million rupees, and revenue grew 10% to 428.6 million rupees; the number of paid suppliers fell 2% year-on-year to 217,000, active buyers dropped 7% to 40 million, and unique business inquiries fell 14% to 27 million. There are currently no further developments.
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IndiaMART Q2 profit rises 10% to ₹90.7 crore, revenue ₹428.6 croreDevelopments
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- Source:MediaNama
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Oct 29
MediaNama
IndiaMART Q2 profit rises 10% to ₹90.7 crore, revenue ₹428.6 crore
Indian B2B platform IndiaMART announced its results for the September 2026 quarter (Q2 FY27): net profit rose 10% year-on-year to ₹90.7 crore, and revenue grew 10% to ₹428.6 crore. The number of paid suppliers fell 2% year-on-year to 217,000, active buyers declined 7% to 40 million, and standalone business enquiries dropped 14% to 27 million. CEO Dinesh Agarwal said the decline in enquiries stems partly from Google AI Overviews, and from the company moving some content behind a login to block crawling by search engines and LLMs, and said he is willing to give up the current 10-20% of business enquiries to protect proprietary data.