Eternal Reports Surging Blinkit Growth and Doubled Quarterly Profit
· Business · Reuters, LiveMint
Eternal reported that its quarterly profit nearly doubled, driven by accelerating growth in its quick-commerce arm, Blinkit. The company anticipates faster expansion for Blinkit as delivery networks scale across urban markets. However, the profit figure fell short of analyst estimates due to rising operational and promotional costs. Eternal continues to invest heavily in marketing and sales promotions to capture market share in the competitive quick-delivery sector.
Why it matters
The performance metrics reflect the intense competition and high growth trajectory of India's quick-commerce and food delivery ecosystem.
Read the original report — Reuters
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