Whalesbook
Profit mein Toofani Tezi: Numbers Kya Bol Rahe Hain?
Eternal, jiske andar Zomato aur Blinkit chalte hain, unhone March quarter ke results announce kiye hain aur numbers dekhne laayak hain. Company ka consolidated net profit 346% bhadak kar ₹174 Crore ho gaya, pichhle saal sirf ₹39 Crore tha. Aur revenue ki baat karein toh woh bhi 196% badh kar ₹17,292 Crore par pahunch gaya. Matlab, dono taraf se zabardast performance!
Zomato aur Blinkit Ka Kamaal Kaun?
Is pure growth ka credit Zomato ke food delivery business aur Blinkit ke quick commerce ko jaata hai. Zomato mein Net Order Value (NOV) 18.8% saal-dar-saal badha hai. Aur Blinkit ne toh kamaal hi kar diya, unka NOV 95.4% tez ho gaya! Pichle quarter mein 216 naye Blinkit stores bhi khule hain, total ab 2,243 stores ho gaye hain. Company keh rahi hai ki Blinkit ka NOV aage bhi 60% se zyada badhta rahega.
Future Ka Plan Kya Hai?
Eternal ke founders ne ek ambitious vision bataya hai. Unka target hai ki FY29 tak annual NOV ko $20 Billion aur adjusted EBITDA ko $1 Billion tak pahunchana hai. Matlab, bada game khelne ka mood hai!
AI aur Tech Ka Use Kaisa?
Company ne bataya ki unka business zyadatar physical world mein hai toh AI models se seedha koi danger nahi hai. Lekin haan, AI ka use woh demand prediction, supply chain, customer service aur fraud detection jaise important kaam mein zyadatar kar rahe hain.
Valuation Aur Competition Ka Scene
Eternal ki market cap ab lagbhag $24.16 Billion hai. Lekin, P/E ratio kaafi high hai, around 377.63x TTM. Iske opposite, Swiggy jaisi companies losses mein hain, par revenue kama rahi hain. Brokerage firm Investec ko Blinkit ka model Swiggy Instamart se zyada clear profit dikhata hai. Lekin kuch analysts margin ko lekar thoda chintit hain kyunki competition bahut hai.
Kya Hai Risk Aur Future?
Blinkit ko expand karne mein paisa lag raha hai, aur agar competition badh gaya jaise Zepto ya Swiggy se, toh margins par pressure aa sakta hai. Pichle saal stock -27% gir bhi gaya tha. Lekin phir bhi, analysts ka target price ₹255 se ₹290 ke beech hai, jo potential upside dikhata hai. Lekin bear case mein target ₹150 bhi hai, jo risks ko highlight karta hai.