Question · Q2 2026
Vivek Agarwal asked about the sustainability of investments in the NRT and branded markets (India, Emerging Markets) and the outlook for absolute OpEx in FY2027.
Answer
CEO Erez Israeli explained that NRT investments are not yet at a steady state, with two more integration waves, and performance is exceeding expectations. CFO Mannam Narasimham advised modeling OpEx (SG&A) in the 28-30% range for future periods.