India's quick commerce growth set to accelerate, food delivery to remain steady
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India's quick commerce sector will see net order value growth accelerate to 21.6 percent in Q2FY27, an Emkay report said.
- ✓Food delivery platforms should maintain steady 18 percent growth.
- ✓"We see NOV growth of quick commerce companies accelerating," it noted.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
According to an Emkay report, India's quick commerce sector is projected to accelerate NOV growth to 21.6 percent in Q2FY27. Food delivery platforms are expected to sustain around 18 percent year-on-year NOV growth as competition rises during the festive season. The fintech sector will also experience steady revenue growth, although year-on-year payment revenue may be impacted.
New Delhi: India's quick commerce sector is expected to see faster net order value (NOV) growth, while food delivery platforms are likely to maintain steady momentum according to an Emkay report.
According to the report, India's quick commerce sector is witnessing consolidation, with net order value (NOV) growth for leading platforms expected to accelerate to as much as 21.6 per cent quarter-on-quarter in Q2FY27, as higher minimum order values and reduced discounts as some platforms shift demand towards competitors.
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Economic Times
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