Affle :Growth Remains Consistent as Digital Spending Expands

What stands out in

recent performance is the consistency of its growth rather than just one strong quarter. In Q1FY27, revenue grew 20.4% YoY to ₹747.2 crore, EBITDA increased 20% to ₹167.6 crore and PAT grew 21.7% to ₹128.4 crore. EBITDA margins also remained broadly stable at 22.4%. Another number I would look at is converted users. Affle delivered around 12.4 crore converted users during the quarter, which is important because its performance-based advertising model ultimately depends on generating measurable conversions for advertisers. The company has now delivered sequential topline growth for 14 consecutive quarters. For me, maintaining this consistency while scaling both India and international operations is more important than looking at one quarter in isolation. Going forward, I would mainly track whether Affle can maintain its current growth rate without compromising margins. In digital businesses, scaling revenue is important, but maintaining profitability while doing so is what eventually matters. Technical View: Technically, the stock formed a proper base around the ₹1,400 zone before giving a breakout. What I like about the structure is that the move did not come suddenly — there was a clear base formation first. After the breakout, the stock has continued to sustain above the zone. Now I would simply watch whether ₹1,400 and the breakout structure continue to hold rather than chasing the move just because a breakout has happened.