Zaggle Shares Plunge 19 Percent Even After Strong Q4 Profit Growth

Investors focused on margin slip and rising cashback costs

Zaggle’s shares tumbled up to 19% on the BSE despite a solid March quarter, with revenue and net profit rising sharply year-on-year. The selloff was driven by a sequential dip in margins and higher cashback costs, even as operating metrics showed improvement. After paring losses, the stock remained down sharply, logging its biggest single-day drop since listing.