Eternal , the parent company of food delivery giant Zomato, is poised to report a staggering revenue growth in its September quarter results, primarily fueled by its quick commerce platform Blinkit. However, the company's profitability is expected to face significant pressure.

Revenue Boom vs Profit Squeeze

Analysts project a remarkable year-on-year revenue growth of up to 137% for Eternal in Q2. This surge is largely attributed to the strong performance of Blinkit, the company's quick commerce arm. However, the bottom line paints a contrasting picture, with profit after tax (PAT) potentially declining by up to 71% year-on-year.

Financial Projections

Brokerage estimates for Eternal's Q2 performance show:

Segment-wise Performance

Food Delivery

• Projected gross order value: Rs 11,340 crore
• Year-on-year growth: 17%

Blinkit (Quick Commerce)

• Estimated gross order value: Rs 14,590 crore
• Quarter-on-quarter growth: 24%

Growth Drivers and Challenges

The substantial revenue growth is primarily driven by:

1. Strong performance of Blinkit in the quick commerce segment
2. Steady growth in the core food delivery business

However, profitability is under pressure due to:

• Elevated costs
• Increased rider incentives
• Higher marketing expenses

Market Competition and Sustainability Concerns

Analysts have raised concerns about the sustainability of Eternal's high growth trajectory, citing intensifying competition in the quick commerce space. Key competitors include:

• Zepto
• Amazon
• JioMart

The company's continued heavy spending on customer acquisition and market expansion is expected to keep profitability under pressure in the near term.

Investor Outlook

While the revenue growth presents an optimistic picture, investors may need to closely monitor the company's path to profitability. The balancing act between aggressive growth and sustainable profitability will likely be a key focus area for Eternal in the coming quarters.

Eternal , a leading food delivery platform in India, has entered into a significant partnership with the Indian government to enhance job opportunities in the gig economy. The collaboration aims to facilitate 20,000 gig jobs monthly through the National Career Service Portal, marking a substantial step towards addressing employment challenges in the country.

Key Highlights of the Partnership

Impact on the Gig Economy

This initiative is poised to make a significant impact on India's growing gig economy. By leveraging the National Career Service Portal, Eternal is set to create a bridge between job seekers and the diverse opportunities available on its platform. This move not only supports Eternal's expansion but also aligns with the government's efforts to boost employment in the digital age.

Implications for Job Seekers

For job seekers, this partnership opens up new avenues in the gig economy. The collaboration provides:

• Easy access to gig work opportunities
• Integration with a government-backed job portal
• Potential for flexible working arrangements

Eternal's Strategic Move

This agreement showcases Eternal's commitment to growth and its role in shaping the future of work in India. By partnering with the government, Eternal is:

• Expanding its workforce efficiently
• Contributing to employment generation
• Strengthening its position in the competitive food delivery market

As the gig economy continues to evolve, partnerships like these between private companies and government entities could become increasingly crucial in addressing employment challenges and fostering economic growth.