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Informist, Tuesday, Apr. 28, 2026

By Sunil Raghu and Astha Oriel

AHMEDABAD/NEW DELHI — Online food ordering and delivery platform Eternal Ltd. is on track to meet the guidance of adding 3,000 dark stores for its quick commerce business Blinkit by March 2027, the company's management said at a post-earnings analysts call Tuesday. The company also provided guidance on achieving a 60% compounded annual growth rate over the next three years. 

The company said the 60% CAGR guidance is driven by assortment and geographic expansion, as well as demand in the cities where the company is already present. "We have given overall guidance of 60% CAGR and that would obviously mean some reasonable store expansion, but we are not planning to give out any specific number of guidance on that," the management said. 

The company said it cannot accelerate beyond its current pace without compromising its business practices, reiterating that its expansion strategy will remain anchored in sustainable, profitable growth even amid intense competition in quick commerce.

"... to the best of our knowledge, we are growing as fast as we can in the market, adhering to the principle that the growth actually has to be meaningful and it has to be healthy for the business, both in the short term and in the long term," the management said.

Amid the increase in discounts in the quick-commerce space, the company is confident it can maintain pricing discipline, the management said. "We are not sure what competition will do. It is very hard to estimate what is happening in the market," the management said.

Talking of its going-out vertical, Eternal said it has no plans to add new categories to its ‘District' platform and clarified that travel will not be a focus area. The company also downplayed concerns around delays or cancellations of events such as concerts, noting that these form only a small part of the broader business and are unlikely to materially affect growth.

Eternal also ruled out adopting models similar to Swiggy's 'Toing', stating that it is not yet convinced about the consumer or partner value proposition of such offerings. Swiggy has recently launched a separate platform, Toing, claiming that consumers can order food online at prices available offline at the eatery. Generally, online food delivery applications charge more for food booked online.

Eternal Tuesday reported an over fourfold on year increase in its consolidated net profit for the March quarter to INR 1.74 billion – the sharpest rise in the company's bottom line in the past six quarters. Eternal's revenue for the March quarter rose almost three times on year to INR 172.92 billion.

Tuesday, the company's shares closed 1% lower at INR 253.07 on the National Stock Exchange. End

Edited by Saji George Titus

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