ETERNAL543320Quick commerce, food
Eternal (formerly Zomato) reported strong quarterly numbers with upgraded quick commerce store growth guidance, though profitability timelines may be pushed out
By ScoutQuest · · 1 min read
- Store addition growth increase
- 50 percent
- Blinkit EBITDA estimate for 2030
- 1 billion dollars
Heard on business television between 08:37:20 - 08:40:20 IST.
- Jignashu Goswami of Bernstein said Eternal reported very solid numbers across its three businesses.
- The biggest standout was change in quick commerce narrative, with growth expected to be higher for longer than street estimates.
- Guidance raised for number of stores, with store additions set to accelerate by almost 50% per quarter versus past trend.
- Company flagged that untested margins at 5,000-store scale and competitive pressure from well-funded rivals mean profitability targets cannot be assumed.
- Analyst said Eternal remains top pick in the space as the market leader, citing a billion dollar EBITDA estimate for Blinkit in 2030 but caution on extending metro margin profile to smaller cities.
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Source: Live TV News Channel · 22 Oct 2026
The call above is Jignashu Goswami, Bernstein's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.