Swiggy Targets $1 Billion Core Earnings by FY31 as It Expands Instamart India’s Swiggy outlined ambitious long-term growth goals on Thursday, aiming to achieve 100 billion rupees ($1.05 billion) in annual core earnings by fiscal 2031. The company, which has not yet turned a profit since its 2024 listing, reported an adjusted EBITDA loss of 28.71 billion rupees in fiscal 2026. It expects to become profitable as it scales both its quick-commerce and food delivery businesses. Swiggy’s strategy centers on its Instamart division, which delivers everything from groceries to electronics within minutes. The company is competing fiercely in India’s rapidly growing quick-commerce sector against rivals like Blinkit (owned by Eternal), Zepto, BigBasket (backed by Tata), Amazon, and Flipkart (supported by Walmart). Investors are closely watching which players can achieve sustainable profitability in this highly competitive market. Swiggy’s shares surged as much as 5.2% to their highest level in five months following the announcement. Analysts have noted the high stakes of the quick-commerce race. Aishvarya Dadheech, founder and CIO at Fident Asset Management, emphasized that while the sector’s growth potential is clear, Swiggy’s targets leave little room for operational missteps. “Investors will be watching closely to see if it can sustain the operational discipline that has underpinned its progress so far,” she said. Recent financial updates highlight progress. Last week, Swiggy reported a narrower quarterly loss and improved profitability at Instamart. The company also outlined plans to expand its network of dark stores, or fulfillment centers, to drive growth. Instamart’s gross order value (GOV)—the total value of goods sold before discounts—is projected to grow four to fivefold by fiscal 2031, reaching 1.#eternal #swiggy #blinkit #instamart #tata
Food Delivery Platforms Rival Over Low-Cost Strategies to Win New Users The competitive landscape of India’s food delivery sector is intensifying as major players like Swiggy, Eternal, and Rapido pivot toward low-cost models to attract new customers. With existing users spending less and quick commerce reshaping consumer habits, these platforms are experimenting with divergent strategies to sustain growth, even as they publicly challenge each other’s economic viability. The debate has intensified recently, with Eternal founder Deepinder Goyal and Swiggy CEO Rohit Kapoor directly critiquing rival approaches. In Eternal’s shareholder letter, Goyal argued that Bistro, Eternal’s self-cooked delivery service, represents a solution to the challenges faced by platforms like Toing and Ownly. He warned that reliance on low prices alone lacks structural economics and risks collapsing without sustainable models. Kapoor, meanwhile, questioned the vertically integrated micro-kitchen approach that Bistro employs, calling it more expensive to build and economically uncertain. He noted that Swiggy itself had previously tested a similar model through Snacc before discontinuing it in the March quarter. The shift reflects a broader trend in the market: growth is now driven by expanding user bases rather than extracting more spending from existing customers. Eternal’s net order value per monthly transacting user has remained around Rs 3,900 for five quarters, while Swiggy’s gross order value per user has hovered near Rs 4,900. Both companies reported an 18% year-on-year user growth in the June quarter, but Swiggy’s platform frequency dropped to 3.87 orders, marking a sixth consecutive quarterly decline. Restaurant partnerships also fell for the first time, attributed to outlets closing during the LPG shortage.#eternal #swiggy #deepinder_goyal #rohit_kapoor #bistro
Eternal Q1 Results: Net Profit Surges 268% YoY to ₹92 Crore, Revenue Climbs 182% Eternal, the parent company of Zomato, reported a significant surge in its financial performance for the first quarter of the fiscal year 2026-27. According to an exchange filing dated July 22, 2026, the company’s consolidated net profit after tax rose by 268% year-on-year (YoY) to ₹92 crore, compared to ₹25 crore in the same period the previous year. Sequentially, the profit declined by 47.13%, reflecting the impact of seasonal factors and operational challenges. The company’s revenue from operations for the quarter reached ₹20,211 crore, a 182% increase from ₹7,167 crore in the corresponding quarter of the prior fiscal year. Sequentially, revenue grew by 16.88%, driven by strong performance across key segments. The EBITDA (earnings before interest, tax, depreciation, and amortization) surged 416.52% to ₹594 crore, up from ₹115 crore a year earlier. The EBITDA margin improved to 2.94% from 1.69% in the same period, indicating better cost management and operational efficiency. Segment-wise, Eternal’s revenue distribution highlighted the growth of its core businesses. The India food ordering and delivery segment generated ₹3,100 crore, up from ₹2,737 crore in the previous quarter. Hyperpure supplies (B2B business) contributed ₹1,034 crore, while the quick commerce segment, Blinkit, accounted for the largest share at ₹15,664 crore. The Going Out segment (District) reported ₹318 crore, and residual segments totaled ₹95 crore. The company’s net order value (NOV), a key metric for growth, grew 54% YoY to ₹31,120 crore. Zomato’s NOV increased by over 20% to ₹10,769 crore, while Blinkit’s NOV surged 86% to ₹17,132 crore. The Going Out segment’s NOV rose 60% YoY to ₹3,218 crore, underscoring the expansion of its platform.#eternal #zomato #blinkit #deepinder_goyal #akshant_goyal
Top gainers and losers, March 17: Eternal rallies 6%, Tata Steel up 4%, Wipro down 2% The SENSEX and NIFTY50 indices closed higher for the second consecutive day on Tuesday, March 17, driven by buying activity in metal and capital market stocks. The SENSEX surged by 567.99 points or 0.75% to end at 76,070.84, while the NIFTY50 rose by 172.35 points or 0.74% to 23,581.15. The benchmark indices hit intraday peaks during the session, with the SENSEX reaching 76,304.26 and the NIFTY50 touching 23,656.80. Foreign institutional investors (FIIs) sold stocks worth ₹9,365.52 crore on Monday, while domestic institutional investors (DIIs) purchased equities totaling ₹12,593.36 crore. The NIFTY50 was supported by gains in Eternal, which closed 5.59% higher. Other top gainers included Tata Steel (4.42%), Mahindra & Mahindra (2.85%), HDFC Life Insurance Company (2.70%), and Bharat Electronics (2.67%). Bharat Electronics’ stock rose after the company announced additional orders worth ₹1,011 crore. Conversely, the top losers in the NIFTY50 were Wipro (-2.06%), Cipla (-1.51%), Tata Consumer Products (-1.39%), Infosys (-1.26%), and ITC (-1.23%). Wipro and Infosys shares fell amid a broad-based decline in the NIFTY IT index, which dropped 2.6% to a two-year low of 28,288.05. The NSE Midcap gauge rose 1.02% to 55,174.40, bolstered by gains in National Aluminium Company (6.41%), Steel Authority of India (5.74%), Coromandel International (3.92%), BSE Ltd (3.89%), and KPIT Technologies (3.58%). NTPC Green Energy was the top loser in the Midcap index, declining 2.55%, followed by Vishal Mega Mart (-2.36%), Persistent Systems (-2.35%), Hindustan Petroleum Corporation (-2.20%), and Tata Elxsi (-2.19%). The NIFTY Smallcap index advanced 0.65% to 15,912.90. Top gainers included Data Patterns (6.#eternal #mahindra_mahindra #tata_steel #hdfc_life_insurance_company #bharat_electronics
Could this be the key to eternal storage? Experts claim new DNA HDD can be ‘erased and overwritten repeatedly’ DNA-based storage could provide long-term alternatives to cloud storage and HDDs, but practical devices remain years away from reality. #key #storage #eternal_storage #DNA_HDD #Experts_claim #eternal #DNA-based_storage
