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Eternal Eyes Explosive Q3 Growth Fueled by Blinkit
21 Jan
Summary
- Eternal anticipates strong December quarter growth driven by Blinkit's new model.
- Food delivery shows steady demand and improving profit margins.
- Blinkit's rapid expansion continues despite ongoing losses.
Eternal anticipates robust growth in the December quarter, with consolidated revenue projected to surge by 193% year-on-year. This expansion is primarily fueled by Blinkit's shift to a first-party model and its strong performance in quick commerce.
The core food delivery segment is expected to maintain steady growth, exhibiting stable demand and incremental gains in profitability. Analysts project adjusted EBITDA margins for food delivery to hover around 5.4% to 5.5%.
Blinkit is set to be the main growth engine, with net order value projected to rise significantly year-on-year, supported by extensive dark store expansion. However, Blinkit's adjusted EBITDA losses are expected to persist, though potentially narrowing sequentially.
Hyperpure is also on an upward trajectory, showing steady growth driven by increased restaurant penetration. Despite these positive signs, higher losses in Blinkit and other ventures may marginally impact consolidated profitability.
