Eternal Q4 Profit Beats Estimates on Quick Commerce Growth
Eternal posted a 1.74 billion rupee profit, beating analyst views. Growth in quick commerce and food delivery supported margins despite a slight revenue miss.
ETERNAL LTD reported a Q4 net profit of 1.74 billion rupees ($18.40 million), beating LSEG estimates of 1.21 billion rupees. Net profit came in 43.8% above analyst expectations as the India based firm expanded its quick-commerce footprint. The results signal that rapid delivery services are becoming a sustainable profit engine for the digital economy.
### Blinkit Scales Rapidly ETERNAL LTD added 216 stores to its Blinkit unit during the quarter, bringing the total network to 2,243 locations. Blinkit now delivers items ranging from groceries to electronics, which helped drive the profit beat. Revenue from operations rose almost three-fold year-on-year to 172.92 billion rupees, though this trailed LSEG estimates of 182.81 billion rupees.
