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The festive season in India has led to a surge in food delivery orders on platforms like Swiggy and Magicpin, highlighting the growing importance of culinary cravings in the country’s celebrations.
Eternal Ltd.’s Q2 review reveals subdued food delivery demand, while Blinkit’s growth impresses. HDFC Securities maintains ‘Reduce’ stance with a target price of Rs 320/share.
Eternal Ltd., formerly known as Zomato, is set to report its Q2 results, with brokerages expecting a significant jump in profit and margin expansion driven by sustained strength in food delivery and quick commerce.
Rapido is expanding its food delivery pilot program, Ownly, in Bengaluru, targeting new pincodes with high-frequency customers, as it looks to diversify its services and build a sustainable business.
Motilal Oswal believes Swiggy Ltd. is entering a phase of profitability, driven by operating discipline and improving network efficiency, prompting a ‘buy’ rating with a potential 26% upside.
Get the latest updates on Jubilant FoodWorks’ stock performance, target price, and growth drivers. Understand the neutral stance by Motilal Oswal and its implications for investors.