Shares of Eternal Ltd. are in focus as the company is set to announce their fourth quarter results today. Eternal is expected to report stronger March-quarter earnings, with revenue seen rising 11% sequentially as rapid growth at Blinkit and firmer food delivery Margin help offset rising competition in quick commerce.
Eternal shares are trading over 3% lower at Rs 247.49 apiece.
The quarter is likely to reflect two clear trends: steady improvement in the core food delivery business and continued scale-up at Blinkit.
Eternal Q4 Preview (Consolidated, YoY)
- Revenue seen 210% higher at Rs 18099 crore versus Rs 5833 crore
- Ebitda seen 499% higher at Rs 431 crore versus Rs 72 crore
- Margin seen at 2.38% versus 1.23%
- Profit seen 223% higher at Rs 126 crore versus Rs 39 crore
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Here's what analysts expect from Eternal Q4 results
Kotak Institutional Equities
- Expects healthy Q4 growth led by 17% YoY food delivery NOV growth and 99% YoY Blinkit NOV growth.
- Food delivery NOV seen down 2.4% QoQ, while Blinkit NOV seen up 10% QoQ.
- Food delivery EBITDA margin seen at 5.7% of NOV, up 30 basis points QoQ.
- Blinkit Margin seen broadly flat sequentially as older store leverage is offset by pricing moves.
- Forecasts Blinkit store count at 2,200, implying net addition of 173 stores in the quarter.
- Key focus areas: competition, discounting and Blinkit profitability targets.
Morgan Stanley
- Maintains food delivery revenue estimates.
- Cuts adjusted EBITDA estimates for food delivery by about 1%, citing slower profitability improvement.
- Lowers quick commerce revenue and profitability forecasts amid sustained competition.
- Sees a more gradual earnings ramp-up in quick commerce over FY26-FY28.
- Consolidated EBITDA and EPS estimates reduced following lower quick commerce assumptions.
Nuvama
- Food delivery NOV seen up 18.1% YoY and down 1.5% QoQ.
- Food delivery adjusted EBITDA margin seen near 5.5% of NOV.
- Blinkit NOV seen up 10% QoQ and 98.7% YoY.
- Blinkit adjusted EBITDA seen at about Rs 11.6 crore.
- Consolidated EBITDA margin seen expanding 40 basis points QoQ.
ALSO READ: Eternal Q4 Preview: Blinkit Growth to Drive Revenue Up 11%, Margin Seen Expanding
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