ETERNAL543320Food delivery, quick
Analysts discussed Eternal's (Zomato/Blinkit parent) quarterly numbers showing strong growth across food delivery, quick commerce and going-out businesses, though valuation concerns were raised
By ScoutQuest · · 1 min read
- B2C NOV growth
- 54 percent
- Food delivery growth
- 21.5 percent
- Quick commerce NOV growth
- 79.3 percent
- QoQ NOV growth
- 22.2 percent
- Net new stores added
- 308 stores
Heard on business television between 15:27:22 - 15:30:22 IST.
- B2C NOV grew around 54%, food delivery business grew 21.5%, quick commerce NOV grew 79.3% versus street estimate of 80%, in line with expectations
- Quarter-on-quarter NOV growth was 22.2% with 308 net new stores added; sixth consecutive quarter of EBITDA margin improvement to 0.9% of NOV, translating to 184 crore profit versus 156 crore loss a year ago
- Going-out business (district) grew over 58% on NOV basis; hyperpure business also performed well; private label business doing well
- Management said Agentic AI impact on margins is hypothetical for now but could benefit the company if it materializes; demand for quick commerce expected to continue in smaller cities
- Cash balance declined quarter-on-quarter from 18,288 crore to 16,475 crore, attributed to increase in net working capital from inventory build-up ahead of festive season
- One analyst flagged that even with blended margins of 3.3-3.6% and 20% top-line growth extrapolated to FY30, EV/EBITDA works out to 32-33 times, which is seen as a large number
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Source: Live TV News Channel · 21 Oct 2026
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