business / news / / The Economic Times
Eternal's shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase.
Eternal's net profit surged 346% YoY to Rs 174 crore, driven by Blinkit's performance.
KEY POINTS
- Blinkit's quick commerce business now reports full value of goods sold, not just commissions.
- Management guides for Blinkit's NOV growth CAGR of 60%+ over three years, nearing quadruple current scale.
- Multiple brokerages maintain Buy/Outperform ratings, but several have cut their target prices post-results.
- Eternal targets $1 billion adjusted EBITDA by FY29, but guidance is lower than previous consensus.
COMPANIES
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