General
Zomato Parent Company Eternal Set to Report Robust Q2 Growth Amid Blinkit Expansion
Owlester AI · from 1 source ·
Eternal, the parent company of Zomato and Blinkit, is set to report strong financial results for the September quarter, with analysts predicting significant growth in both its food delivery and quick-commerce sectors. Motilal Oswal expects a 21.7% year-on-year increase in Zomato's net order value and an 80% rise for Blinkit. The company's overall sales are expected to grow by 66.1% year-on-year and 11.7% quarter-on-quarter, with EBITDA surging by 254.3% year-on-year and 42.5% quarter-on-quarter.
Key facts
- Eternal is expected to report a 21.7% year-on-year increase in Zomato's net order value.
- Blinkit's net order value is expected to rise by 80% year-on-year.
- Eternal's overall sales are expected to grow by 66.1% year-on-year and 11.7% quarter-on-quarter.
- EBITDA is projected to surge by 254.3% year-on-year and 42.5% quarter-on-quarter.