Preview: India's Eternal quarterly results tied to Blinkit growth as AI risk looms, analysts say
BUZZ-PREVIEW-India's Eternal quarterly results tied to Blinkit growth as AI risk looms, analysts say ** Shares of food-delivery and quick-commerce firm Eternal ETEA.NS up 0.5% at 321.85 rupees ahead of Q2 results
** Analysts on average expect consolidated profit of 2.71 billion rupees ($28.60 million), compared with 650 million rupees a year earlier - LSEG-compiled data
** Revenue expectations at 239.21 billion rupees vs 135.9 billion rupees a year earlier- LSEG-compiled data
** Expect continued growth at quick-commerce unit Blinkit, with Jefferies forecasting a 23% sequential rise in net order value and improvement in adjusted EBITDA
** Brokerage Elara Securities flags longer-term risks to Blinkit's advertising revenue from AI-powered shopping agents, which could allow consumers to compare prices and order groceries without browsing quick-commerce apps
** ETEA rated "buy" on average by 31 analysts, median PT at 384.50 rupees - LSEG-compiled data
** YTD stock up about 16% vs Nifty 50's .NSEI nearly 12% drop
($1 = 94.7500 Indian rupees)
(Reporting by Surbhi Misra and Kashish Tandon in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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Preview: India's Eternal quarterly results tied to Blinkit growth as AI risk looms, analysts say