ETERNAL LIMITED — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Eternal's Q3FY26 call: Quick Commerce (Blinkit) hit breakeven! Saw 90bps contribution margin & 130bps EBITDA expansion. Management is confident on 5-6% long-term NOV margins & >40% ROCE. Eyes 3,500-4,000 stores for 100% YoY growth, contingent on market competition. Food delivery slowly trending to 20% YoY growth. "Going-out" business, with its $3 billion NOV guidance for FY30, saw increased losses from new programs (District Pass) but expects sequential decline, aiming for breakeven in 4-6 quarters. Bistro shows early product-market fit. Confident long-term vision, adapting to competitive market.