Eternal reported modest Q4 growth but strong guidance, with execution on Blinkit expansion and margins seen as crucial for sustaining stock performance
Eternal stock can retrace up to 61.8 per cent of the preceding fall, implying a potential upside target price of ₹310 in the near-term, explains Muthuselvaraj of Mirae Asset Sharekhan.
Eternal is aiming to double its B2C net order value to $20 billion by FY28 and reach $1 billion in adjusted Ebitda by FY29, driven by growth across Blinkit, District and Zomato
The share price of Swiggy is quoting lower for a fifth straight trading day, falling 7.5 per cent during the period
Eternal delivered steady Q4 results, with Blinkit and food delivery businesses driving growth. Brokerages have retained a 'Buy' rating with target prices up to ₹400
Strong growth in Blinkit and Zomato businesses drives sharp rise in profit and revenue, with quick commerce and food delivery segments sustaining momentum
Eternal posted a 346% jump in Q4 profit to ₹174 crore, while revenue nearly tripled to ₹17,292 crore, driven by strong growth in food delivery and quick commerce
Eternal Q4 preview: Brokerages tracked by Business Standard estimate Eternal's net profit at an average of ₹141.75 crore, up 263.46 per cent year-on-year (Y-o-Y)
The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision
In the food delivery business, HDFC Securities expects a recovery in Eternal in key operating metrics on a low base.
Food delivery platform Swiggy has hiked the platform fee it charges users to Rs 17.58 per order, its app showed on Tuesday, days after rival Zomato increased the charges. Swiggy had last hiked its platform fee in September last year. The company has now raised it to Rs 17.58 per order inclusive of GST, whereas rival Zomato charges Rs 14.90 on a pre-GST basis. The latest round of increase by Swiggy brings the platform fee charged by both food delivery players effectively at par with each other (to around Rs 17.58 per order). On March 20, Zomato hiked the platform fee it charges users by Rs 2.40 to Rs 14.90 per order on a pre-GST basis. Platform fees are fixed, per-order charges in addition to delivery and restaurant fees. To cover operating costs, technology maintenance, and customer support for services. The latest hike in platform fees is set to make ordering food costlier for millions of users across the country. The increase in platform fees by Zomato and Swiggy comes at a tim
Eternal, which operates Zomato, has raised its platform fee to ₹15. Elara said that the platform fee hike is in line with its guidance of achieving adjusted Ebitda in the range of 5-6 per cent by FY28
Swiggy has raised its platform fee by 17 per cent to ₹17.58 per order; this is its fourth increase in seven months, as the company faces rising costs and widening losses
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Zomato raises platform fee to Rs 14.90 from Rs 12.50, aligning closer to rivals amid rising operational costs and pressure from supply disruptions in West Asia
Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.
JM Financial maintained its forecast of about 18 per cent Y-o-Y NOV growth for Zomato in the Q4FY26, which would mark the strongest expansion in the past seven quarters
Though Zomato and Swiggy are not witnessing any fall in volumes; however, they may see short-term demand pressure from LPG-dependent restaurants, analysts cautioned
West Asia crisis: Cooking gas crunch puts food delivery orders on slow boil
LPG supply disruption could slow Zomato and Swiggy order volumes as restaurants cut operations. Motilal Oswal expects a temporary impact on food delivery growth