Key Takeaways
Dash Has Worked On Various Components Within Infosys: Salil Parekh | N18S | CNBC TV18
- Flipkart has no IPO timeline and views quick commerce as part of its marketplace, not a standalone business
- Infosys appoints Ashiss Kumar Dash as CEO designate, effective April 2027, and trims FY27 revenue guidance to 1.5-3%
- Meesho revenue jumps 48% to Rs 3,713 crore while losses halve to Rs 133 crore
Flipkart group CEO Kalyan Krishnamurthy has ruled out any IPO timeline for the Walmart-owned ecommerce giant. In a conversation with ET, Krishnamurthy also clarified that quick commerce is an extension of Flipkart's core marketplace, not a separate business. The same day, Infosys announced Ashiss Kumar Dash as its CEO designate, set to take over from Salil Parekh in April 2027.
Why Flipkart isn't treating quick commerce as a standalone bet
Krishnamurthy's position marks a clear departure from competitors. Zepto has raised billions as a quick commerce pure-play. Blinkit operates as a distinct entity under Zomato. Flipkart, by contrast, is weaving quick commerce into its existing marketplace infrastructure.
"We are not a quick commerce company in the narrow sense… we're a horizontal marketplace. It's one of the businesses we're in. It's not more important or less important than the others," Krishnamurthy said.
The bet is that Flipkart's existing customer base and marketplace scale can power quick commerce without requiring a separate brand or business identity. The company has crossed 1,000 dark stores as it competes with Blinkit, Amazon Now, Instamart, and Zepto.
Krishnamurthy also hinted that India's quick commerce market may not sustain its current player count. Consolidation seems inevitable, though he stopped short of predicting winners.
On financials, Krishnamurthy downplayed concerns about quick commerce's incremental investment burden. "We are generally quite okay and happy with our financials," he said, while declining to share specific numbers.
Infosys names Dash as CEO designate, trims guidance
Infosys announced that Ashiss Kumar Dash will succeed Salil Parekh as managing director and CEO on April 1, 2027. Parekh's total tenure will span over nine years. The Infosys board approved Dash's five-year appointment based on the Nomination and Remuneration Committee's recommendation.
Q1 FY27 results showed solid growth. Net profit rose 12% year-on-year to Rs 7,769 crore. Revenue from operations climbed 14% to Rs 48,211 crore. AI revenue now represents 8.2% of total revenue. Large deal total contract value hit $3.6 billion, with 61% representing net new business.
The guidance cut matters more than the headline numbers. Infosys trimmed the upper end of its FY27 revenue growth outlook to 1.5-3% in constant currency. Operating margin guidance stands at 20-22%. Despite strong deal wins, demand visibility in IT services remains limited.
| Company | Q1 Metric | YoY Change | Key Outlook |
|---|---|---|---|
| Infosys | Net profit: Rs 7,769 cr | +12% | FY27 guidance: 1.5-3% CC growth |
| Meesho | Revenue: Rs 3,713 cr | +48% | Softer Q2 NMV growth expected |
| Go Digit | Net profit: Rs 86.4 cr | -38% | Higher loss ratio impacting margins |
Meesho revenue surges 48%, losses halve
Meesho posted strong Q1 results. Consolidated revenue from operations jumped 48% year-on-year to Rs 3,713 crore. Net loss halved to Rs 133 crore from Rs 289 crore a year ago. Net merchandise value increased 34% to Rs 11,614 crore.
The outlook is softer, though. Meesho expects year-on-year NMV growth to dip in Q2 because it shifted its flagship Mega Blockbuster Sale to Q3 this year from Q2 last year. The company plans to increase spending on user acquisition ahead of the festive season.
Go Digit profit drops 38% on higher loss ratio
Go Digit General Insurance reported a 38% decline in net profit to Rs 86.4 crore for Q1. Gross written premium fell 8.4% year-on-year to Rs 2,731 crore. A higher loss ratio and the impact of Indian Accounting Standards ate into the bottom line.
Other developments: Byju's settlement stalls, Swiggy eyes Indian ownership
The Byju's-BCCI settlement remains stalled, adding to the edtech firm's ongoing legal and financial troubles.
Swiggy has renewed its bid for Indian ownership classification. The food delivery platform has been working to restructure its shareholding to meet regulatory requirements.
Another major funding and valuation milestone in the tech sector
Logicity's Take
Flipkart's quick commerce strategy is a calculated gamble on integration over independence. Building quick commerce inside the marketplace avoids the burn rate of a standalone brand war, but risks diluting focus as Zepto and Blinkit pour capital into dedicated operations. The Infosys CEO transition gives Dash nearly nine months of overlap with Parekh, a luxury most tech transitions don't get. For CTOs evaluating IT services contracts, the trimmed guidance signals that even with $3.6 billion in large deals, Infosys sees demand uncertainty through FY27.
Frequently Asked Questions
Is Flipkart planning an IPO in 2026 or 2027?
No. CEO Kalyan Krishnamurthy has explicitly stated that Flipkart has no IPO timeline. The company remains focused on marketplace expansion and quick commerce integration.
Who is the new Infosys CEO replacing Salil Parekh?
Ashiss Kumar Dash has been named CEO designate. He will take over as managing director and CEO on April 1, 2027, following Parekh's nine-year tenure.
How is Flipkart's quick commerce different from Zepto or Blinkit?
Flipkart is building quick commerce as an extension of its existing marketplace rather than as a standalone business. Competitors like Zepto and Blinkit operate as dedicated quick commerce entities.
What is Infosys FY27 revenue guidance?
Infosys has trimmed its FY27 constant currency revenue growth guidance to 1.5-3%, with operating margins expected at 20-22%.
Why did Meesho's growth outlook soften for Q2 FY27?
Meesho shifted its Mega Blockbuster Sale from Q2 to Q3 this year, which will temporarily impact net merchandise value growth in the July-September quarter.
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Source: Tech-Economic Times
Huma Shazia
Senior AI & Tech Writer
Produced with AI assistance and reviewed by the Logicity editorial team. Learn more in our Editorial Policy.
