
Tradepoint21
June 18, 2025 at 01:26 AM
🚢 Eternal Ltd (ex-Zomato): Silent Growth Accelerator
Formerly Zomato, now a multi-platform powerhouse in food/quick commerce.
Why it stands out:
Blinkit (quick commerce): 123% YoY GOV growth; doubling stores to 2,000 by Dec-2025.
District (dining-out): 160% YoY surge post-Paytm entertainment acquisition.
Hyperpure (B2B): Revenue doubled YoY; supplies 87K+ outlets.
Strong finances: ₹19,235 Cr cash; food delivery EBITDA-positive.
Quiet strengths:
✓ Scalable model with synergistic businesses
✓ Deep B2B client relationships (JSW, IFFCO, etc.)
✓ Re-rating potential as newer units mature
Caveat: Premium valuation (P/E 480) warrants monitoring.
Ideal for investors tracking India’s digital consumption shift.
