India's Eternal reports 90% slump in first-quarter profit as quick commerce expenses rise
ReutersJul 21, 2025 9:43 AM
July 21 (Reuters) - Indian online delivery firm Eternal ETEA.NS posted a 90% drop in first-quarter profit on Monday, weighed by higher costs at its quick-commerce arm Blinkit, which delivers everything from groceries to electronics in under 10 minutes.
Consolidated net profit fell to 250 million rupees ($2.90 million) for the three months ended June 30, the food and grocery delivery firm said.
($1 = 86.2775 Indian rupees)
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