Eternal Limited
Track this name
Business & moat
Business Snapshot
Moat Analysis
Physical scale and local integration create tangible barriers, but competitive intensity and newer lines limit moat breadth.
Performance & outlook
Quarterly Score
Growth Prospects
FY27 base-case growth 54%
Management & drivers
Guidance Tracker
Key Variables
Blinkit NOV growth and dark store count — The deceleration from 137% to 95% YoY is base-effect plus the September 2025 GST rate cut (~3 bps headwind to reported NOV) rather than demand weakness — mature-city growth still runs at ~55% with the next seven metros compounding at 100%+. The 3,000-store target by March 2027 implies another doubling, after which growth naturally settles into the stated 60% CAGR run-rate.