Brief: Eternal Says Expect A Slow Uptick In Growth Rate In The Near Term For Food Delivery

Eternal

16/10/2025 10:44

Oct 16 (Reuters) - Eternal Ltd ETEA.NS:

EXPECT A SLOW UPTICK IN GROWTH RATE IN THE NEAR TERM FOR FOOD DELIVERY

SHOULD BE ABLE TO GET TO 3,000 STORES BY MAR 2027

FIGHTING MULTIPLE HEADWINDS INCLUDING SOFT DISCRETIONARY CONSUMPTION IN GENERAL IN INDIA

EXPECT THE CORE RESTAURANT BUSINESS TO CONTINUE GROWING AT 40% YOY

GST RATE CUTS BROUGHT DOWN AVERAGE GST ON BLINKIT’S TYPICAL BASKET BY ABOUT 3 PCT POINTS

GST NOW APPLICABLE ON DELIVERY CHARGE ON FOOD DELIVERY ORDERS; IMPACTS ABOUT 25% OF ORDERS WHERE DELIVERY IS NOT FREE

MULTIPLE HEADWINDS INCLUDING SOFT DISCRETIONARY CONSUMPTION, IMPACT OF QUICK COMMERCE GROWTH, VOLATILE WEATHER WEIGH ON NEAR TERM GROWTH

EXPECT HYPERPURE CORE RESTAURANT BUSINESS TO CONTINUE GROWING AT 40% YOY

OVER 90% OF CAPEX IN Q2FY26 WAS INCURRED IN QUICK COMMERCE BUSINESS

EXPECT HYPERPURE TO BECOME PROFITABLE OVER NEXT 2 QUARTERS

Further company coverage: ETEA.NS

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