Eternal Rises Pre-Results on Growth Hopes

  Published 1 year ago

Eternal shares rise 3.3% ahead of results, as analysts expect strong revenue growth and improved profitability from easing competition.

  • ICICI sees a profitability boost for Eternal and Swiggy as the expansion phase ends, competition pressures ease in quick commerce.
  • Ambit projects 57% revenue growth, driven by Blinkit’s 129% order value surge and 9% food delivery order growth.
  • Investors await updates on discounts, user growth, and competitive trends; average rating “buy” with a ₹291 target price.

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