QUICK COMMERCE COMPETITION
Blinkit can break-even in Q4, says Nomura; raises Eternal target price
Nomura raised Eternal’s target price to Rs 370, projecting a 12% rally driven by Blinkit’s shift to an inventory-led model, store expansion, and expected breakeven by FY26. Food delivery remains the cash engine with strong growth prospects, while competition poses near-term risks.
Buy, Sell or Hold: Antique sees over 30% upside in Cyient DLM; JM Financial initiates coverage on Angel One
Brokerages remain bullish on select stocks, with Nomura backing Eternal for its food delivery and quick commerce leadership, Antique initiating coverage on Cyient DLM citing growth recovery and infrastructure strength, and JM Financial starting coverage on Angel One, highlighting its agile model, promoter backing, and resilient performance despite headwinds.
Dish TV eyes 25% revenue from non-DTH biz in two years, forays into smart TV market
Dish TV is actively diversifying its revenue streams beyond DTH services, aiming for 25% contribution from non-DTH ventures within 18-24 months. This strategic shift includes entering the smart TV market with its VZY range, offering integrated DTH and OTT entertainment. The company envisions becoming a comprehensive content ecosystem player, spanning devices, content, streaming, and linear TV.
Swiggy gets another buy call, this time from Nomura, with Rs 550 target price
Swiggy's stock receives a 'buy' rating from Nomura, setting a target price of Rs 550, citing disciplined execution and improved breakeven visibility. Ongoing product innovations like Bolt are helping Swiggy gain market share against Zomato. Motilal Oswal also upgraded Swiggy to 'BUY', anticipating multiple tailwinds and raising food delivery growth estimates for FY26-27.
Order now! With Zomato & Swiggy soaring, which stock should be in your portfolio?
Zomato and Swiggy have experienced significant growth, fueled by strong order volumes and improved quick commerce prospects. While GST rule changes initially caused concern, analysts believe the impact will be minimal as both companies adapt through platform fee adjustments.
Quick commerce to hike festive workforce by up to 60%
Quick-commerce firms in India plan to increase temporary staff by up to 60% for the festive season. Redseer estimates quick commerce deliveries will double to 10% of total e-commerce. Flipkart, Amazon, Blinkit, Swiggy Instamart, and Zepto are preparing for Diwali. Around 80,000 to 100,000 workers will be hired. Tier 2 cities are also ramping up fast.
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Dish TV launches VZY Smart TVs, aims 25% revenue share from non-DTH by 2027
Dish TV India is diversifying its revenue streams beyond DTH services, aiming for 25% contribution from non-DTH ventures within 18-24 months. This strategic shift includes entering the smart TV market with its VZY range, integrating DTH and OTT entertainment. The company also launched Watcho and Shopzop, with plans for more innovative products to solidify its position in the content ecosystem.
Britannia expects half of its sales from rural markets in next 3-4 years: Varun Berry
Britannia aims for half its domestic sales from rural markets in 3–4 years, up from 40% now, said Vice Chairman & MD Varun Berry. The company is expanding direct distribution to small villages for steady product availability. Rural sales are outpacing urban, where consumption faces cost pressures. Britannia directly covers 3 million outlets, adding 1 lakh annually.
GST reforms, festive demand to boost food delivery and Q-commerce, say analysts
Food delivery and quick commerce companies anticipate growth. GST reforms and increased spending are key factors. The festive season may boost demand. While GST changes could raise delivery costs, subscription models might help. Some industry players see limited direct benefits. The real test lies in the upcoming festive season. A stronger growth cycle is expected.
Swiggy launches instant gifting platform 'Giftables' for quick, customised gifting
With this move, Swiggy is in direct competition with existing gifting services such as Ferns and Petals (FnP) and Indian Gifts Portal (IGP), aiming to capture a share of the growing demand for last-minute and personalised gifting solutions.
Motilal Oswal upgrades Swiggy to ‘buy’ rating, sees 32% upside potential. Should you invest?
Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to ‘buy’ with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.
Priya Nair different from HUL’s previous chiefs: Unilever global CEO Fernando Fernandez on leadership rejig
Unilever appoints Priya Nair as Hindustan Unilever's Managing Director and CEO. This leadership change aims to boost revenue growth in India. Fernando Fernandez highlights Nair's global experience as crucial for HUL's future. The company sees India as a key market alongside the US. This decision follows concerns about recent sales performance. Nair replaces Rohit Jawa after his short tenure.
Former Flipkart exec’s quick comm startup FirstClub raises $23 million; valuation jumps to $120 million
The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.
GST Council slashes tax on personal-care items like shampoo, toothpaste, hair oil to 5%
The GST Council has agreed to reduce the tax rate on essential personal care items like hair oil, toothpaste, and shampoo from 18% to 5%, benefiting consumers and companies like Hindustan Unilever and Godrej Industries. This move, part of the broader GST 2.
Eternal shares rise 2% as Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato's parent company, Eternal, saw shares rise by 2% after increasing its platform fee to Rs 12, mirroring a similar move by competitor Swiggy ahead of the festive season's expected surge in demand. While Zomato's profits declined YoY, revenue increased. Swiggy's losses doubled due to investments in its Instamart vertical.
Prataap Snacks new owners feel the crunch, explore exit options as growth turns stale
Prataap Snacks faces potential ownership changes. Authum Investments and Madhusudan Kela are considering selling their stake. Competitors like Haldiram and ITC might be interested. Prataap is struggling with growth due to market pressures. The company aims to expand beyond its popular Rs 5 packs. Competition is intensifying from national and regional snack brands.
Festive season: Quick commerce to ramp up temp workforce by 40–60%
Quick-commerce platforms are gearing up for a significant surge in demand this festive season, projecting a 40-60% increase in temporary workforce. This expansion aims to manage the expected doubling of quick commerce deliveries, potentially reaching 10% of the total e-commerce market.
Change of Cart: Tata plans CEO change at BigBasket
BigBasket CEO Hari Menon has been charting a succession plan over the past few months, people in the know tell us. Going forward, he may take on a mentor role at the online grocer he cofounded, as his five-year tenure nears completion.
BigBasket top brass churn; RMG ban pain manifests
Happy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech Morning Dispatch.
BigBasket founders plan to step back; CEO Hari Menon prepares succession amid Tata Group’s quick commerce push
BigBasket founders, including CEO Hari Menon, are preparing to transition into mentoring roles as Tata Group seeks a new leader to sharpen its competitive edge in the quick commerce market. With Menon's tenure nearing completion, the company is actively shortlisting candidates to drive growth and reassure investors amid increasing competition from Blinkit, Instamart and Zepto.
Trump’s secret weapon: What is IEEPA, the Law he used to slap tariffs on America’s friends and foes?
Donald Trump’s sweeping use of emergency powers to impose global tariffs has ignited a fierce legal and economic battle. Courts are questioning whether presidents can stretch emergency laws to set trade policy, while businesses, consumers, and global markets brace for higher costs and deep uncertainty.
Alibaba misses revenue estimates, but AI boosts cloud business
Alibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall revenue 2% below estimates.
Festive fireworks ahead for ecommerce firms with season sales to rise 27%
Indian e-commerce marketplaces and online retailers anticipate a record-breaking festive season, projecting sales of Rs 1.2 lakh crore, a 27% increase from last year. Quick commerce is set to account for over Rs 14,000 crore of this estimate. This resurgence comes on the back of consumer sentiment in urban India turning positive after three years of slower growth.
DTDC Express launches rapid commerce vertical Raftaar
DTDC Express has launched its rapid commerce vertical, Raftaar, offering 4–6 hour deliveries via hyperlocal dark stores. Announced at its 35th anniversary, the firm also released a white paper with BCG, highlighting rapid commerce’s growing role in shaping ecommerce, customer experience, and logistics in emerging Indian markets.
Nykaa takes its beauty battle global to take on cosmetic giants
Nykaa, India's leading beauty retailer, is venturing into global markets. It is launching Kay Beauty in the UK across Space NK stores and online. The company is also considering expansion into the US, Middle East, and Asia. Nykaa aims to significantly increase the gross merchandise value of its in-house brands by 2030.
Trump tariff impact on India ‘overhyped’; premium consumption, NBFCs to lead growth: Marcellus' Krishnan VR
Trump tariff impact on India: New US tariffs are expected to have a limited impact on India's economy. Krishnan VR of Marcellus believes domestic consumption will drive growth. Sectors like textiles may face pressure. Premium consumption, financial services, and IT stocks are potential investment themes. NBFCs and insurance companies are also expected to benefit. Government measures may cushion the tariff impact.
Valuations frothy, but growth still worth paying for: Amish Shah
Amish Shah tells ET Now that while Indian market valuations look frothy, growth visibility still commands a premium. He stays bullish on defence, shipbuilding, power transformers, hospitals, and quick commerce, while advising caution on cement, e-commerce, and global pharma amid slowing capex and smidcap underperformance.
Not just groceries: Blinkit, Zepto & others turn festive bazaars on your phone
Quick commerce platforms in India, including BigBasket, Zepto, and Swiggy Instamart, experienced a surge in sales during Raksha Bandhan and other festivals. These platforms, initially focused on grocery delivery, are expanding into electronics, apparel, and home furnishings, driven by changing consumer shopping patterns.
ET Soonicorns Summit 2025: Meat isn’t built for 10-minute delivery, say Licious founders
At ET Soonicorns Summit 2025, Licious cofounders said quick commerce has reshaped demand but isn’t suited for perishable meat products. With 300 items and a two-day shelf life, Licious is using AI to scale 30-minute delivery sustainably. This comes amid rising competition in the quick commerce space.
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