Eternal’s shares have surged 30% since March, fueled by Blinkit’s rapid growth and dark store expansion. While Blinkit aims for EBITDA breakeven by Q3FY26, aggressive competition and store additions may impact near-term profitability. Despite challenges, brokerages favor Eternal over Swiggy, citing market leadership and free cash flow generation, but analysts caution about long-term sustainability.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets