Robust growth in revenue to continue on back of Naukri The company's recruitment business increased 18.4% YoY to | 207.4 crore (vs. our estimate of | 210.2 crore). The increase in growth acceleration is on the back of improved IT sector hiring. The company invested heavily in advertisement and promotion in this segment to promote brand visibility and to fend off competition. Going forward, we expect this segment to register revenue CAGR of 15.9% to | 1,055.9 crore in FY19-21E mainly led by sustainability of revival in IT sector hiring and increasing brand visibility....