Eternal, the parent company of Indian food delivery platform Zomato and quick-commerce business Blinkit, is set to announce its financial results for the September quarter on October 21. Domestic brokerage Motilal Oswal projects a 66.1% year-on-year sales growth to ₹22,575.1 crore, with net profit expected to reach ₹392.8 crore, reflecting a 504.3% increase compared to the same period last year, according to livemint.com.
Motilal Oswal forecasts net order value (NOV) growth of 21.7% year-on-year for Eternal’s food delivery segment and 80% for Blinkit’s quick-commerce business. Blinkit’s NOV is expected to rise 22.7% quarter-on-quarter. The brokerage anticipates Zomato’s food delivery take rate at 21.5%, Blinkit’s gross profit margin at 27%, and an adjusted EBITDA margin improvement to 5.9% for food delivery and 1.1% for Blinkit, as reported by livemint.com.
The expected strong financial performance highlights Eternal’s expanding market share and improving margins amid competitive pressures in India’s food delivery and quick-commerce sectors. The projected 254.3% year-on-year rise in EBITDA to ₹846.7 crore underscores operational efficiencies. These figures position Eternal alongside other major players in the sector, reflecting rapid growth in consumer demand for online food and grocery delivery services, per livemint.com.
Eternal’s Q2 results announcement on October 21 will provide concrete data on the company’s growth trajectory, margin improvements, and competitive positioning. Motilal Oswal’s projections set expectations for a significant earnings beat, with net profit potentially exceeding ₹392.8 crore for the quarter, according to livemint.com.