News

SBI MF buys 4% in Urban Company via bulk deals; Wellington, others pare stakeSBI Mutual Fund acquired a 4% stake in Urban Company for ₹632 crore through bulk deals, while existing investors including Wellington and DF International Partners pared holdings in the company.By Sheersh Kapoor  March 17, 2026, 8:01:35 PM IST (Published)2 Min ReadSBI Mutual Fund has acquired a 4% stake in Urban Company for about ₹632 crore through bulk deals executed on Tuesday.

The fund purchased 3.5 crore shares on the NSE at an average price of ₹109.85 and an additional 2.2 crore shares on the BSE at ₹109.83 per share.

On the other side of the transaction, Wellington Hadley Harbor AIV Master Investors sold 3.2 crore shares worth ₹349 crore, while DF International Partners and ABG Capital offloaded about 1.7 crore shares each.

Shares of Urban Company Ltd ended at ₹110.80 on the NSE, down 2.15% on Tuesday.

Earlier in January, the company reported 33% year-on-year growth in revenue to ₹382.68 crore for the December quarter. However, profitability remained under pressure, with EBITDA loss widening to ₹35.31 crore from ₹1.9 crore a year ago.

The company posted a net loss of ₹21.26 crore in Q3FY26, compared to a net profit of ₹231.84 crore in the year-ago period, which had been supported by a one-off tax credit.

Also Read: JPMorgan recommends this stock to play the EMS theme and its not Dixon Tech

Excluding Insta Help, Urban Company reported an EBITDA of ₹44 crore, translating to a margin of 4.2% of net transaction value.

The India business remained a key growth driver, with revenue rising 25.5% year-on-year to ₹264.54 crore, while EBIT increased 50.1% to ₹52.15 crore. Margins expanded to 19.7% from 16.5%.

The Native brand saw strong traction, with revenue more than doubling year-on-year, while losses narrowed. However, Insta Help continued to weigh on profitability, reporting an EBIT loss of ₹60.9 crore.

Looking ahead, the company expects margins in its India consumer services business to improve and is targeting an adjusted EBITDA of around ₹1,000 crore by FY31.Continue ReadingTagsBulk dealsSBI Mutual Fundshare market todayUrban Company