Eternal Limited reports strong quick commerce growth, food delivery rebound
Eternal Limited reported strong performance in its quick commerce segment, with chief financial officer Akshant Goyal noting Delhi's 70% year-on-year growth this quarter, largely from existing polygons. Less than 5% of overall growth came from new expansion areas.
Contribution margins for quick commerce improved from -2.4% to -1.8% this quarter. The company expects to move most of its quick commerce business to first-party inventory ownership within two to three quarters, which is projected to improve margins further.
The company aims for 3,000 dark stores, with current growth momentum expected to remain strong for at least the next two years.
For food delivery, early signs in Q1 FY26 indicate better app opens and resurrection rates, suggesting improved growth ahead despite acknowledging a slowdown in transacting customers.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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