Eternal Q2 preview: Brokerages expect market share gains, steady margins
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Brokerages expect Eternal to gain market share in food delivery and quick commerce in Q2FY27.
- ✓HDFC Securities projects Zomato’s adjusted revenue at ₹3,490 crore, up 22 per cent year-on-year.
- ✓Meanwhile, Kotak Institutional Equities expects Eternal’s revenue to rise 17.4 per cent quarter-on-quarter to ₹23,729.3 crore, supported by improved operating performance.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
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- 3 Minute(s)
- Market Focus
- India Economy
Eternal Q2FY27 preview: Brokerages expect Eternal to continue gaining market share in food delivery and quick commerce in Q2FY27, with improving margins, growth in order value and Blinkit's store expansion supporting performance.
Broekrage View on Eternal Q2FY27 preview
HDFC Securities
HDFC Securities expects Eternal to continue gaining market share across food delivery (FD) and quick commerce (QC), with Zomato's adjusted revenue projected at ₹3,490 crore, up 22 per cent year-on-year. For Blinkit, the brokerage expects net order value (NOV) and adjusted revenue to grow 17.1 per cent and 17.8 per cent, respectively.
On profitability, HDFC Securities expects food delivery margins to improve by 30 basis points and 10 basis points quarter-on-quarter across the metrics tracked. Blinkit's adjusted Ebitdam is projected to improve by 30 basis points, supported by greater dark-store efficiencies. The brokerage also expects Blinkit to add 250 stores during the quarter, while monitoring monthly transacting user (MTU) growth across food delivery and quick commerce, along with competitive intensity.
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