Will Blinkit growth sustain amid competition? 5 things to know from Eternal's shareholder letter

Eternal reported strong Q1FY27 results with B2C net order value rising 54% YoY to about Rs 31,120 crore and adjusted EBITDA jumping 223% YoY to Rs 555 crore. Blinkit's net order value grew 86% YoY to Rs 17,132 crore and turned EBITDA positive at Rs 102 crore versus a Rs 162 crore loss a year earlier, while food delivery margins hit 5.6% of NOV, near the upper end of guidance. Management outlined higher capex assumptions of Rs 2.5 crore per dark store and reaffirmed that quick-commerce returns justify continued investment.