From mint · Sowmya Ramasubramanian · · 1m 40s
Eternal revises Blinkit store target as Q2 net profit rises 92%
Eternal raises Blinkit store target to 3,500 by March 2027 after Q2 net profit jumps 92%.
In brief
Eternal raises Blinkit store target to 3,500 by March 2027 after Q2 net profit jumps 92%. Eternal increased Blinkit's store target to 3,500 by March 2027 as Q2 net profit rose 92% to ₹125 crore. Originally reported by mint.
Eternal revises Blinkit store target
Eternal raised Blinkit’s store expansion target to 3,500 by March 2027 from 3,000.
Q2 net profit rises 92%
Net profit increased 92.3% to ₹125 crore from ₹65 crore a year ago.
Blinkit adds 308 net stores
Blinkit added 308 net stores in September quarter, taking network to 2,751.
Ebitda margin improves
Blinkit’s adjusted Ebitda margin improved for sixth consecutive quarter to 0.9% of net order value.
Blinkit becomes profitable
Blinkit reported adjusted Ebitda of ₹184 crore, a profit against ₹156 crore loss a year earlier.
Eternal's revenue growth
Consolidated revenue from operations rose 77.6% year-on-year to ₹24,138 crore.
Eternal's store expansion confidence
Management expects faster store rollout to be offset by mature stores' gains.
Smaller cities offer better returns
Smaller cities provide attractive paybacks and lower competition for Blinkit expansion.
Blinkit's NOV growth
Blinkit’s net order value rose 79.3% year-on-year to ₹20,940 crore.
Eternal's cash balance
Eternal ended September with cash balance of ₹16,475 crore, down ₹1,813 crore.
Dark AI announcement
Eternal announced Dark AI, a privacy-focused AI assistant with end-to-end encryption.
Hyperpure revenue growth
Hyperpure reported revenue growth of 22.7% to ₹1,154 crore and adjusted Ebitda of ₹10 crore.
Eternal shares close lower
Eternal shares closed 2.45% lower at ₹312.35 on National Stock Exchange.
The essence
Eternal increased Blinkit's store target to 3,500 by March 2027 as Q2 net profit rose 92% to ₹125 crore.
