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SWIGGY Swiggy News Story

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Preview: Analysts expect narrower quarterly core loss for Eternal’s Blinkit

** Online food and grocery delivery firm, Eternal ETEA.NS, to report Q2 results on the day

** Analysts expect co to report a q/q profit rise as quick commerce arm Blinkit's store density improves unit economics and discounting eases

** Four analysts expect Blinkit's adjusted core loss to narrow q/q, but remain higher y/y

** ICICI Securities, Elara Capital expect Blinkit's adjusted core loss to narrow to 1 bln rupees ($11.36 million) from 1.62 bln rupees

** ICICI Securities, Motilal Oswal expect Blinkit's adjusted EBITDA margin loss between 0.7% and 0.6% vs 1.4% in Q1

** Eternal rated 'buy' on avg by 31 analysts, rival Swiggy rated 'buy' on avg by 25 analysts - data compiled by LSEG

** YTD, as of Wednesday's close, ETEA up 27% vs SWIG's 18% decline

($1 = 88.0000 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))

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