With Affle 3i's continued AI-adoption and automation-driven operating efficiency, the brokerage expects Ebitda to clock ~23% CAGR over FY26-28 .

(Photo: Affle 3i website) Ahead, the brokerage expects the full ~3% RMG impact (i.e., Rs 170-180 m/quarter) to playout in Q3 (and continue till H1 FY27), partially offset by festive season in India and revival in developed markets (from ~20.2% YoY in H1 FY26), as US marketing budgets ramp-up.

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