Eternal expects faster Blinkit growth
Eternal anticipates accelerated growth for its Blinkit quick-commerce unit from December as competition stabilizes. Consolidated net profit nearly doubled while overall revenue jumped 78 percent.
Xurve View
Insights:
Xurve View
ETERNAL LTD expects quick-commerce growth in Blinkit to accelerate from the December quarter, betting on a stable competitive landscape in India. The retail group reported a 77.6% jump in revenue to 241.38 billion rupees ($2.55B) for the quarter ending September. The expansion underscores management's confidence in scaling dark store networks despite heightened competition from rivals like SWIGGY.NS.
