India’s unorganized retail sector is experiencing a quick commerce surge, with companies like Eternal achieving EBITDA breakeven through dark stores. Major players are investing heavily to secure first-mover advantage, prioritizing growth while managing EBITDA losses. BNP Paribas anticipates Eternal reaching EBITDA breakeven by FY27, while Swiggy may take longer, around FY29 or FY30, highlighting a decadal opportunity.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets