The education arm of internet company Info Edge, Shiksha, is pivoting towards counselling and marketing services amid a steep decline in traffic due to AI, its managing director and chief executive officer (CEO) Hitesh Oberoi said during the Q3 FY26 earnings call.
“The AI-related impact is now very visible in the Shiksha domestic business and has led to a sharp drop in traffic. This will also impact billing growth over time. The business is strengthening its domestic counselling capabilities to drive higher conversions from client responses to student applications to mitigate the AI impact. It is pivoting its business model, but time will tell how this pans out,” said Oberoi.
In Q3 FY26, Shiksha reported an operating loss of Rs 1 crore. While billings grew 3.7% year-on-year (YoY) to Rs 46 crore, revenue growth was muted at Rs 36 crore, up 3.2% YoY.
The shift in the business model of Info Edge also comes when Shiksha’s study abroad vertical is witnessing a slowdown in demand in select markets such as the US and Canada.
“The study abroad segment is experiencing softness in select markets, particularly the US and Canada. We are actively diversifying our offerings toward destinations such as the UK, UAE, and continental Europe, while strengthening our presence in these markets to align with evolving student preferences and to support future growth,” Oberoi said.
1. Can Naukri Survive AI Disruption?
AI disruption isn’t a major threat to Info Edge’s recruitment vertical, Naukri. If anything, it will be an advantage to the platform, likely due to the proliferation of auto-generated resumes, Oberoi told analysts during a post-earnings call.
“If horizontal AI platforms were to expand into the hiring space, it could result in higher noise levels, including auto-generated resumes, spam applications, and low-signal candidates, potentially increasing the relevance of specialised curated platforms like Naukri. We continue to leverage AI to our advantage in recruitment,” the Info Edge CEO said.
Global recruitment models are primarily driven by job listings. Naukri has a structural advantage over these listings-based models because of its huge proprietary database, according to Oberoi. Naukri’s database now comprises 113 million resumes, with an average of 20,000 resumes added daily in Q3 FY26, he said.
The company is also leveraging AI and machine learning to enhance its job matching and recommendation engine. For instance, AI-Rex, its agentic AI-led workflow automation platform, now caters to over 100 clients and has closed more than 20,000 job mandates so far, significantly reducing candidate sourcing time.
Overall, Info Edge’s recruitment vertical posted an operating profit of 341 crore in Q3 FY26, up 14.6% from Rs 298 crore in the year-ago quarter. Billings grew 11% YoY to Rs 548 crore, while operating revenue grew 14% during the period to Rs 575 crore.
Naukri operates on a hybrid…
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