Eternal leads on market share, profitability and scale, but Swiggy's faster Ebitda growth, improving retention and product innovation could support a valuation re-rating
Even as they continue adding dark stores, quick-commerce firms are focusing on higher utilisation of their existing assets, better unit economics and improved margins
Blinkit's strong order growth, expanding user base and disciplined execution reinforce its leadership in quick commerce, while Eternal's Q1 results beat Street estimates
Revenue nearly tripled in the June quarter as Blinkit's rapid expansion lifted earnings, while food delivery, going-out and Hyperpure businesses also reported growth
Eternal posts a four-fold rise in Q1 profit to ₹92 crore as Blinkit drives strong revenue growth, while Zomato's food delivery business maintains steady momentum
After competing on delivery speed, quick commerce companies are betting on gourmet foods, imported products and premium brands to increase average order values and improve profitability
Q1FY27 company results: Firms including IndusInd Bank, Dr Reddy's Laboratories, JSW Energy, NTPC Green Energy, Hindustan Petroleum Corporation are also set to announce their Q1 results today
India's quick commerce market expanded 40 per cent year-on-year, while the combined dark store network of Blinkit, Instamart and Zepto grew nearly 48 per cent, says an Equirus report
Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something
Amazon Now and Flipkart Minutes are expanding aggressively to challenge Blinkit, Instamart and Zepto, betting on scale, Tier-II markets and existing customer ecosystems
Health and nutrition are reshaping India's snacking habits, with consumers seeking protein-rich products, natural ingredients and greater transparency, according to the Farmley Healthy Snacking Report
Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.
Analysts at Bajaj Broking highlight two key breakouts on Eternal stock chart; one above the falling trend line and other above the 50-day EMA, for its bullish stance on the stock.
Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players
Dark stores are powering India's quick-commerce revolution, but experts question whether existing inspection systems, penalties and enforcement can match the sector's rapid growth
