Improving hiring expectations, investment gains positive for Info Edge

Naukri continues to be the market leader among recruitment portals with a database of over 95 million and a 70 per cent traffic market share in the segment

Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations.

The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a “transformative shift”. The February 24 index had 13 per cent month-on-month improvement over January 24, with strong hiring across oil & gas and pharma sectors although it was weaker on a Y-o-Y basis. The management remains optimistic that the