India’s Q2 earnings season has started on a positive note, with IT stocks outperforming expectations and Eternal delivering encouraging results.Gaurang Shah, Senior Vice President, Geojit Investments, shares his assessment of the early earnings trends and Eternal’s long-term growth prospects. Expansion of dark stores, entry into newer geographies and a growing customer base could support growth. However, rising competition, aggressive discounting and the challenge of maintaining market share remain key concerns for quick-commerce companies. As more companies report their results, investors will track whether earnings momentum sustains through the ongoing quarterly earnings season.