India's Eternal falls; brokerages 'disappointed' with margins

Swiggy

17/10/2025 05:15

** Online delivery platform Eternal ETEA.NS falls 2.3% to 339 rupees,

** Brokerages disappointed on shrinking margins for quick commerce business; peer Swiggy SWIG.NS falls 2% to 437 rupees

** Eternal posts sequential rise in Q2 profit

** However, HSBC (maintains "buy"; PT: 390 rupees) says margins for its quick commerce business disappointed due to heightened marketing, expansion costs

** Emkay ("buy"; raises PT to 430 rupees from 330 rupees) calls food delivery net order value growth of 14% y/y disappointing

** Stock rated "buy" on avg; median PT is 390 rupees, per data compiled by LSEG

** YTD, ETEA gains 22% vs SWIG's 17% drop

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))