India’s listed new-age consumer internet firms may report lower profits in the next two quarters. Increasing fuel, packaging, freight and raw material costs linked to the Iran war threaten to offset the unit economics gains they posted in 2025-26, according to brokerages and analysts.
The March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operating metrics. However, food delivery, quick commerce, ecommerce, beauty, eyewear, furniture and logistics firms are preparing for higher costs in the upcoming quarters even as consumer sentiment remains uneven.
