3 New-Age Internet Stocks With Improving Profitability

July 17, 2026
Posted by: Ankit Jaiswal
Category: News

Paytm, PB Fintech and Nykaa continue showing improving profitability metrics as India’s new-age internet companies mature beyond pure growth-stage spending.

Paytm (One97 Communications), PB Fintech (Policybazaar) and Nykaa (FSN E-Commerce) are among the new-age internet stocks with improving profitability, each positioned within India’s new-age internet and digital platform businesses growth story through distinct business drivers.

India’s new-age internet and digital platform businesses sector continues to see sustained investment and demand growth, and new-age internet stocks with improving profitability reflects companies with the clearest exposure to this trend.

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This article examines Paytm (One97 Communications), PB Fintech (Policybazaar) and Nykaa (FSN E-Commerce) as new-age internet stocks with improving profitability, covering their specific growth drivers and the risks of this theme.

Table of Contents

What Defines the 3 New-Age Internet Stocks With Improving Profitability

The new-age internet stocks with improving profitability are companies with direct exposure to new-age internet and digital platform businesses, combining relevant scale with disclosed growth or expansion plans.

Understanding these new-age internet stocks with improving profitability helps investors identify names positioned to benefit from sustained sector-wide demand rather than one-off catalysts.

Why These Are the 3 New-Age Internet Stocks With Improving Profitability

Paytm (One97 Communications)’s payments and financial services platform turning profitable, PB Fintech (Policybazaar)’s insurance and lending marketplace profitability improvement and Nykaa (FSN E-Commerce)’s beauty and fashion e-commerce margin improvement together explain why these represent the new-age internet stocks with improving profitability.

Paytm (One97 Communications)’s payments and financial services platform turning profitable: Paytm (One97 Communications)’s its payments and financial services platform, having shown improving unit economics as it scales its lending distribution and merchant payments business.
PB Fintech (Policybazaar)’s insurance and lending marketplace profitability improvement: PB Fintech (Policybazaar)’s its insurance and lending marketplace model, showing improving profitability as its core Policybazaar business matures alongside its Paisabazaar lending arm.
Nykaa (FSN E-Commerce)’s beauty and fashion e-commerce margin improvement: Nykaa (FSN E-Commerce)’s its beauty and fashion e-commerce platform, showing improving margins as its owned-brand portfolio and offline store expansion mature.
Sustained sector-wide demand: Broader structural demand growth across new-age internet and digital platform businesses supports all three companies within this theme.

Company	CMP (Rs)	Growth Driver	Sector
Paytm (One97 Communications)	–	Payments and financial services platform turning profitable	New-age
PB Fintech (Policybazaar)	–	Insurance and lending marketplace profitability improvement	New-age
Nykaa (FSN E-Commerce)	–	Beauty and fashion e-commerce margin improvement	New-age

Paytm (One97 Communications): Payments and financial services platform turning profitable

Paytm (One97 Communications) is among the new-age internet stocks with improving profitability, its payments and financial services platform, having shown improving unit economics as it scales its lending distribution and merchant payments business.

The company’s shift toward higher-margin lending distribution revenue has supported its path toward sustained profitability after years of scale-focused spending.

PB Fintech (Policybazaar): Insurance and lending marketplace profitability improvement

PB Fintech (Policybazaar) is among the new-age internet stocks with improving profitability, its insurance and lending marketplace model, showing improving profitability as its core Policybazaar business matures alongside its Paisabazaar lending arm.

The company’s asset-light marketplace model has supported margin improvement as customer acquisition costs moderate relative to scale.

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Nykaa (FSN E-Commerce): Beauty and fashion e-commerce margin improvement

Nykaa (FSN E-Commerce) is among the new-age internet stocks with improving profitability, its beauty and fashion e-commerce platform, showing improving margins as its owned-brand portfolio and offline store expansion mature.

The company’s growing owned-brand contribution to overall sales has supported better gross margins than a purely marketplace-only model.

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Factors Affecting the 3 New-Age Internet Stocks With Improving Profitability

Execution track record: For the new-age internet stocks with improving profitability, execution against disclosed plans remains the key determinant of realised growth.
Sector-wide demand trends: Broader demand trends across new-age internet and digital platform businesses affect all three companies collectively.
Competitive intensity: Rising competition within new-age internet and digital platform businesses could pressure margins even amid volume growth.
Input cost and supply chain factors: Cost and supply chain dynamics affect profitability for companies within this theme.
Policy and regulatory support: Government policy support toward new-age internet and digital platform businesses affects the sustainability of this growth theme.

Benefits of the 3 New-Age Internet Stocks With Improving Profitability

Structural growth theme exposure: The new-age internet stocks with improving profitability provide exposure to a sustained, structural growth theme rather than a short-term cycle.
Diversified company selection: Spanning three companies, this list reduces single-stock concentration risk within the theme.
Established execution capability: These companies bring existing scale and expertise to capture growth within new-age internet and digital platform businesses.
Policy-aligned positioning: These stocks align with broader government policy priorities supporting this sector.
Multiple growth vectors: Different business models across these three names offer diversified ways to capture the same broad theme.

Risks of the 3 New-Age Internet Stocks With Improving Profitability

Execution risk: These companies still need to execute disclosed plans successfully to realise growth.
Valuation considerations: Strong recent sector performance means current valuations may already reflect growth expectations for the new-age internet stocks with improving profitability.
Competitive pressure: Rising competition within new-age internet and digital platform businesses could affect market share and margins over time.
Cyclicality risk: Demand within new-age internet and digital platform businesses could prove more cyclical than currently anticipated.
Broader market sentiment risk: Overall market conditions can affect these stocks regardless of company-specific fundamentals.

How to Evaluate the 3 New-Age Internet Stocks With Improving Profitability

Among the new-age internet stocks with improving profitability, compare execution track record against disclosed growth and expansion plans.
For the new-age internet stocks with improving profitability, assess competitive positioning within the broader new-age internet and digital platform businesses sector.
Track quarterly results to confirm continued execution progress.
Consider valuation relative to growth visibility for each name.
Combine sector-theme analysis with standard fundamental research.

How to Invest in the 3 New-Age Internet Stocks With Improving Profitability

Use the Univest platform to track quarterly results and expansion progress for the new-age internet stocks with improving profitability.
Open a demat and trading account with Univest for zero-brokerage execution.
Track quarterly results for Paytm (One97 Communications), PB Fintech (Policybazaar) and Nykaa (FSN E-Commerce) through the Univest app.
Consult a SEBI-registered advisor before allocating capital to this theme.
Review positions periodically as execution progress and sector trends evolve.

Conclusion

Paytm (One97 Communications), PB Fintech (Policybazaar) and Nykaa (FSN E-Commerce) represent the new-age internet stocks with improving profitability, each capturing different aspects of India’s sustained new-age internet and digital platform businesses growth story. Historically, this structural theme has offered diversified exposure across multiple companies, though execution risk and valuation considerations remain important factors. Consult a SEBI-registered advisor before making investment decisions.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

3 New-Age Internet Stocks With Improving Profitability?

Ans. Paytm (One97 Communications), PB Fintech (Policybazaar) and Nykaa (FSN E-Commerce) are the new-age internet stocks with improving profitability.

What drives Paytm (One97 Communications)’s growth in this theme?

Ans. Paytm (One97 Communications) benefits from payments and financial services platform turning profitable.

What drives PB Fintech (Policybazaar)’s growth in this theme?

Ans. PB Fintech (Policybazaar) benefits from insurance and lending marketplace profitability improvement.

What drives Nykaa (FSN E-Commerce)’s growth in this theme?

Ans. Nykaa (FSN E-Commerce) benefits from beauty and fashion e-commerce margin improvement.

Is this theme purely cyclical or structural?

Ans. The new-age internet stocks with improving profitability represent a structural growth theme, though cyclicality risk remains a consideration.

What risks apply to the 3 New-Age Internet Stocks With Improving Profitability?

Ans. Key risks include execution risk, valuation considerations, and competitive pressure within the sector.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.