Picture of Swiggy logo

SWIGGY Swiggy News Story

0.000.00%
in flag iconLast trade - 00:00
TechnologySpeculativeLarge CapSucker Stock

India's Eternal reports sequential rise in second-quarter profit

Oct 16 (Reuters) - India's Eternal ETEA.NS reported a second-quarter profit that rose sequentially, as surging demand in its quick commerce arm, Blinkit, cushioned the impact of still-high investments in the 10-minute delivery channel.

Eternal, which also has a food delivery arm under 'Zomato' reported a second-quarter profit of 650 million rupees, compared to 1.76 billion rupees a year ago. Profit, however, was higher compared to previous quarter's 250 million rupees.

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.agarwal@thomsonreuters.com;))

Recent news on Swiggy

See all news