20 hours Ago By Neha Aravind
Eternal Ltd., formerly known as Zomato, will report its results for the fourth quarter and financial year 2025 on Thursday.Brokerages expect a strong revenue jump, led by growth in food delivery and the quick commerce business Blinkit, but anticipate a sharp drop in profit due to higher expansion costs and discounting pressures.
The company has rapidly scaled up its Blinkit operations, adding more dark stores across India to keep pace with rivals like Swiggy's Instamart and Zepto.While that helped push up segment revenue, analysts say under-utilisation and steep customer acquisition costs may drag down profitability. Focus will also be on management commentary around the recently launched District app under its Going Out business.
According to Bloomberg consensus estimates, revenue for the quarter is seen rising over 50% sequentially, but profit may fall significantly due to margin pressure.Eternal Q4 Preview (Consolidated, QoQ)Revenue seen rising 52% at Rs 5,824 crore versus Rs 5,405 crore.Ebitda seen down 18% at Rs 102 crore versus Rs 162 crore.
Profit seen falling 76% to Rs 42.1 crore versus Rs 59 crore.Food delivery revenue seen at Rs 2,147 crore.
Hyperpure revenue seen at Rs 1,787 crore.Quick commerce revenue seen at Rs 1,653 crore.Eternal Q4 Results: Date, Earnings Call Schedule And More About Zomato Parent CompanyBrokerage ViewsJefferies | Target Price: Rs 215.
25 | Rating: HoldJefferies expects Eternal and Swiggy to report higher loss in their quick commerce businesses.Gross order value for food delivery is projected to grow 16% year-on-year but decline 1% sequentially.Contribution and Ebitda margins for the food delivery segment are expected to remain flat quarter-on-quarter.
Blinkit's order value is expected to grow 12% sequentially, led by strong store additions.Take rates may stay stable, but Ebitda margin is likely to fall due to increased store-level losses.Zomato, Swiggy, Nykaa, Nazara, Delhivery, Just Dial, Matrimony And More Q4 Results Preview: ICICI SecuritiesKotak Securities | Target Price: Rs 270 | Rating: BuyKotak sees healthy revenue growth, backed by a 17% year-on-year rise in food delivery gross merchandise value and a sharp 116% jump in Blinkit's GMV.
Contribution margin in food delivery is expected to improve due to higher platform fees.However, Blinkit's margin may worsen due to aggressive store additions and customer acquisition costs.Adjusted Ebitda loss from Blinkit may widen to Rs 250 crore, from Rs 100 crore in the previous quarter.
Kotak says commentary on competitive intensity and Blinkit's profitability roadmap will be key.ICICI Securities | Target Price: Rs 310 | Rating: BuyICICI expects food delivery gross order value to be flat sequentially and grow 17% year-on-year, with adjusted Ebitda margin at 4.3%.
Blinkit's order value may rise 19.8% quarter-on-quarter and 132.1% year-on-year, while adjusted Ebitda margin can narrow 127 basis points.
Hyperpure's revenue is expected to grow 22% sequentially and 114.4% year-on-year.Consolidated adjusted revenue is seen rising 10.
8% quarter-on-quarter and 64.3% year-on-year.Adjusted Ebitda is pegged at Rs 120 crore versus Rs 290 crore in Q3.
Profit is expected to dip to a loss of Rs 77.1 crore.'Utter Nonsense': Deepinder Goyal Refutes Reddit Post On Forcing Employees To Order From Zomato.
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