Eternal Ltd Confident On Expansion And Growth Outlook

Eternal Ltd has outlined its growth trajectory, emphasizing confidence in both physical expansion and digital operations. The company confirmed that it remains on track to achieve 3,000 stores by March 2027, with potential to scale further to 3,500-4,000 stores if competitive pressures ease in the near term.  

Management also highlighted expectations of food delivery growth inching up gradually toward 20% year-on-year, reflecting strong demand trends. Eternal noted that ongoing monitoring of India’s labour and social security codes suggests no material impact on profitability, with long-term margin guidance unchanged across businesses.  

Additionally, the company projected that its District vertical could evolve into a $3 billion business by FY2030, supported by a 5% adjusted EBITDA margin, underscoring its confidence in sustainable profitability.  

Key Highlights  

• On track for 3,000 stores by March 2027  
• Potential expansion to 3,500-4,000 stores if competition moderates  
• Food delivery growth expected to gradually reach 20% YoY  
• Labour and social security codes not expected to materially impact P&L  
• District vertical projected to become $3 billion business with 5% adjusted EBITDA margin by FY30  

Future Outlook  
Eternal Ltd’s expansion strategy and resilience against regulatory changes position it strongly for long-term growth. With steady demand in food delivery and ambitious retail targets, the company aims to consolidate its leadership in India’s consumer and services sector.  

Sources: NSE Filings, Business Standard, Equity Bulls