Eternal, formerly Zomato, anticipates strong revenue growth in Q4, fueled by Hyperpure and Blinkit. However, profitability is expected to decline significantly, with analysts projecting a substantial drop in profit after tax or even a loss. While food delivery margins are expected to improve slightly, Blinkit’s expansion may lead to EBITDA losses due to new store additions.
Sunil Gold India files draft papers with Sebi to float IPO
Sunil Gold India Ltd is preparing for its initial public offering. The company plans to raise funds through a combination of new share issuance and