Synopsis
Eternal’s adjusted revenue is expected to rise 72-73% year on year to around Rs 24,000 crore, while Swiggy’s is projected to grow 34-36% to around Rs 7,900-8,000 crore, according to brokerage estimates.
Food delivery and quick commerce companies Eternal and Swiggy are expected to report strong revenue growth for the July-September period, with brokerages estimating Eternal’s qcommerce arm Blinkit gained scale and that both companies’ food delivery businesses benefited from steady demand. However, diverging trends in quick commerce are likely to reflect in their profitability, with Eternal expected to improve margins while Swiggy faces
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