Eternal Q1 Results Preview: All eyes on Blinkit to drive earnings. Here's what investors can expect

Brokerages expect Eternal's Q1 results to be driven by Blinkit's quick commerce segment, with Motilal Oswal and Kotak projecting net order value growth of 84-88 percent year-on-year supported by dark store additions, IPL demand and inflation-led basket expansion. Food delivery net order value is expected to grow around 18-19.7 percent year-on-year, with adjusted EBITDA margins seen at 5.2-6.1 percent. JM Financial remains positive on the long-term outlook citing Eternal's market leadership, free cash flow generation and a strong balance sheet.