ETERNAL
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Infosys, Power Grid, Eternal, HCL Tech and TCS were among the top losers on NSE in today's trade.
Stock market update: Stocks that hit 52-week lows on NSE
Infosys, Hindalco, Power Grid, Eternal and HCL Tech were among the top losers on NSE.
Confused between Swiggy and Zomato? Retail investors, HNIs say: Why not both
Despite share price drops, Swiggy and Zomato attract retail and HNI investors. Swiggy sees strong buying interest, followed by Zomato. Investors bet on familiarity and potential turnaround. Analysts warn of continued losses and future competition. HSBC prefers Eternal (Zomato) due to Swiggy's cash burn. Brokerages cut target prices for both. Currently, investors are ordering both stocks.
Blinkit, Instamart face rising competition, elusive profitability in Q4
Zomato's Blinkit and Swiggy's Instamart face heightened competition in the quick commerce sector, impacting profitability. Both companies invested heavily in network expansion in quick commerce, leading to increased adjusted Ebitda losses. Blinkit maintains its lead but anticipates continued margin pressure, while Instamart aims to reduce losses despite analysts' concerns about cash burn.
Swiggy Instamart’s operating losses peaked in Q4, says Sriharsha Majety
Swiggy's CEO, Sriharsha Majety, announced that Instamart's operating losses peaked in Q4, anticipating a progressive reduction driven by AOV and take-rate improvements. Despite a consolidated net loss of Rs 1,081 crore, Swiggy's revenue grew 45% YoY. Instamart aims for contribution breakeven in three to four quarters, expanding its dark store network to 1,021.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 140.61 points down at 24273.8
Swiggy, Eternal, Jio Financial allure HNI investors even as Nykaa, Premier Energies lose charm
Indian high net-worth individuals invested in Swiggy, Eternal, and Jio Financial Services during the March quarter. They exited Nykaa and Premier Energies. HNI holdings in NSE-listed firms decreased by Rs 1.02 lakh crore. Nitco Ltd. saw a significant increase in HNI stake. UBS maintains a positive outlook on Indian equities. Foreign institutional investors have been net buyers recently.
Eternal sees sharpest EPS cut among Nifty50 companies in April
April saw EPS downgrades for 70% of Nifty50 firms, led by Zomato with a 15.1% cut. IT, consumer, and auto sectors faced sharp estimate reductions. Despite strong Q4 beat-miss ratios, FY26 forecasts declined due to global headwinds and underperformance in IT, FMCG, and financials.
Zomato pivots away from restaurant-led quick delivery, doubles down on Blinkit Bistro
Zomato parent Eternal has ended its Quick 10-minute delivery pilot, shifting focus to Blinkit’s Bistro kitchens in major cities. Unable to solve kitchen readiness via restaurant tie-ups, it now prioritises tighter control and profitability. Meanwhile, Swiggy’s Bolt expands rapidly, highlighting the challenge of scaling ultra-fast food delivery models.
Eternal shares jump 2% after Q4 results. Should you buy, sell or hold?
Eternal shares: The company reported a 78% year-on-year drop in net profit to Rs 39 crore for the March 2025 quarter, even as revenue from operations jumped 64% YoY to Rs 5,833 crore.
Eternal shares in focus after Q4 profit slumps 78% YoY, revenue jumps 64%
Eternal shares: The significant decline in profit was primarily due to a 68% year-on-year rise in total expenses, which climbed to Rs 6,104 crore. The company cited increased investments in its quick commerce arm, Blinkit, along with higher infrastructure spending across various segments, as key factors behind the surge in costs.
Eternal Q4 report: Net profit plummets on Blinkit losses; food delivery stays in the slow lane
In an indication of rising dependence on food delivery for consolidated profits, the parent of Zomato and Blinkit shut down its 15-minute food delivery service, Quick, and its homely meals offering, Everyday. But food delivery too registered slow growth.
Blinkit’s GOV runs neck and neck with Zomato’s food delivery in Q4
A year ago, Blinkit’s GOV was half of Zomato’s. Meanwhile, Zomato's parent, Eternal, has introduced a new metric for its B2C segments—food delivery, qcomm, and going-out—called net order value (NOV). It is calculated by subtracting discounts (funded by the platform or its partners) from GOV.
Eternal shuts down Zomato Quick, Everyday after tepid demand
Zomato's parent company, Eternal, has discontinued its 10-minute food delivery service, Quick, and its homely meals segment, Everyday, due to insufficient demand and profitability concerns. CEO Deepinder Goyal cited challenges with restaurant density and kitchen infrastructure for Quick's inconsistent customer experience, while announcing the quarterly results for three months to March 2025.
Eternal Q4 earnings: Blinkit losses bite into Zomato’s profits
Zomato parent Eternal reported a drop in its net profit due to increasing losses in Blinkit, even as food delivery growth continued to be subdued. This and more in today’s ETtech Top 5.
“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal
During the January-March quarter Blinkit added 294 dark stores taking the total count of these micro-warehouses from where 10-minute deliveries are made to 1,301. It aims to have 2,000 dark stores by December 2025. On an annualised basis, Blinkit’s GOV run rate stood at $4.4 billion. Its rival Zepto’s annualised GOV run rate has neared $4 billion, founder and CEO Aadit Palicha had said on April 9.
Sluggish demand, gig worker churn, q-comm competition behind slowdown in food delivery, says Deepinder Goyal
For the January-March period, Zomato, which is Eternal’s food delivery business, reported a 16% year-on-year rise in gross order value at Rs 9,778 crore. Sequentially, this was down 1%. Goyal also said that during the quarter, Zomato delisted around 19,000 restaurants, which either did not meet hygiene standards, were mimicking established brands, or operating multiple identical menu listings to “hog more listing impressions”.
Eternal Q4 Results: PAT tanks 78% YoY to Rs 39 crore on higher expenses, revenue jumps 64%
Eternal Q4 Results: Food delivery company Eternal (formerly Zomato) saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore.
Q4 results today: Adani Enterprises, Eternal among 14 companies to announce earnings on Thursday
Indian companies are gearing up to release their Q4 earnings, with Adani Enterprises and Adani Ports among the key names. All eyes are on Eternal, formerly Zomato, which is expected to reveal strong revenue growth, fueled by Hyperpure and Blinkit. However, profitability might suffer, with analysts predicting a potential profit dip or even a loss.
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