Any current/future new fundraising through debt or equity?

There is no current plan for returning cash to shareholders via dividends or buybacks, as stated by management. The company emphasized the importance of having a strong balance sheet in a competitive industry and is focused on building the business. No specific mention of new fundraising through debt or equity in the recent call. The company is open to using cash for strategic purposes like potential M&A but has no active plans disclosed. Overall, the management is prioritizing organic growth and maintaining financial strength over raising new capital in the near term.

Any current/future capex/capital investment/strategic investment?

No meaningful capex planned currently; focus is on leveraging existing resources for growth. Setting up one facility for value-added food supplies (sauces, spreads) under Hyperpure; capex expected to be small with attractive payback. No plans to expand with own label products in quick commerce at this time. Strategic testing of new markets to support potential future expansion beyond current cities. No plans for shareholder cash returns currently; focus remains on building the business and maintaining a strong balance sheet. No immediate M&A activity disclosed, but will evaluate if g

Future growth expectations in sales/revenue/volumes?

Zomato expects Adjusted Revenue to grow at 40%+ year-on-year for the foreseeable future. Near term, growth could be north of 50%, driven largely by quick commerce (Blinkit), which is showing better-than-expected performance. Food delivery growth is expected to continue but may vary quarter to quarter; recent quarters showed ~29%-30% growth in food delivery GOV. Quick commerce is growing over 100% year-on-year with increasing store additions and deeper penetration in existing cities. The supply side, especially addition of cloud kitchens and restaurants, is expanding at ~20% YoY, contri

Future growth expectations in earnings/operating earnings/profits/EPS?

Zomato expects overall Adjusted Revenue to grow at 40%+ year-on-year (YoY) for the foreseeable future, with potential to exceed 50% in the next few quarters. Food delivery growth was slightly below expectations last quarter but is supported by strong growth in quick commerce (Blinkit), which is driving the confidence for 50%+ growth. Blinkit is nearing Adjusted EBITDA breakeven, with continued focus on good-quality growth possibly at some margin compression, though margin expansion has continued so far. The company prioritizes growth over margin if opportunities and bandwidth allow, and

EternalQ3 FY24Retailing

Eternal Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹337.85P/E: 753.0Market Cap: ₹3.3L CrSector: Retailing

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 1

Zomato expects Adjusted Revenue to grow at 40%+ year-on-year for the foreseeable future.
Near term, growth could be north of 50%, driven largely by quick commerce (Blinkit), which is showing better-than-expected performance.
Food delivery growth is expected to continue but may vary quarter to quarter; recent quarters showed ~29%-30% growth in food delivery GOV.
Quick commerce is growing over 100% year-on-year with increasing store additions and deeper penetration in existing cities.
The supply side, especially addition of cloud kitchens and restaurants, is expanding at ~20% YoY, contributing to growth.
Blinkit plans further growth mainly within existing top cities with an under-indexed footprint and selecting new cities strategically.
Growth focuses on quality and profitable expansion, balancing margin and volume growth.
Monthly transacting customers (MTC) growth and higher ordering frequency among existing customers are key drivers ahead.

Margin guidance

Category 3

Zomato expects overall Adjusted Revenue to grow at 40%+ year-on-year (YoY) for the foreseeable future, with potential to exceed 50% in the next few quarters.
Food delivery growth was slightly below expectations last quarter but is supported by strong growth in quick commerce (Blinkit), which is driving the confidence for 50%+ growth.
Blinkit is nearing Adjusted EBITDA breakeven, with continued focus on good-quality growth possibly at some margin compression, though margin expansion has continued so far.
The company prioritizes growth over margin if opportunities and bandwidth allow, and aims to balance execution with quality growth to improve profits over time.
Levers to influence growth and margins exist but are subject to market competition; currently, growth and margin expansion are progressing together.
No immediate plans for capital return as company focuses on reinvestment and growth.

See what Eternal management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no current plan for returning cash to shareholders via dividends or buybacks, as stated by management.
The company emphasized the importance of having a strong balance sheet in a competitive industry and is focused on building the business.
No specific mention of new fundraising through debt or equity in the recent call.
The company is open to using cash for strategic purposes like potential M&A but has no active plans disclosed.
Overall, the management is prioritizing organic growth and maintaining financial strength over raising new capital in the near term.

Order book

Yes

The transcript pages provided from Zomato's Q3FY24 earnings call do not contain any specific information or mention regarding the current or expected orderbook or pending orders. The discussion primarily revolves around topics such as: - Growth strategy for Blinkit and food delivery. - Store expansion and utilization rates. - Customer delivery charges and platform fee dynamics. - Mix and share of cloud kitchens vs. traditional restaurants. - Contribution margins, AOV trends, and working capital. - Franchise vs. company-operated store economics. - Macro factors influencing growth and operational leverage. No explicit details or quantitative data about order backlogs or pending order volumes were shared in the content provided.

See what Eternal management said on order book — free account, 30 seconds.

Capex plans

Yes

No meaningful capex planned currently; focus is on leveraging existing resources for growth.
Setting up one facility for value-added food supplies (sauces, spreads) under Hyperpure; capex expected to be small with attractive payback.
No plans to expand with own label products in quick commerce at this time.
Strategic testing of new markets to support potential future expansion beyond current cities.
No plans for shareholder cash returns currently; focus remains on building the business and maintaining a strong balance sheet.
No immediate M&A activity disclosed, but will evaluate if good opportunities arise.
Emphasis on expanding supply chain and infrastructure with a long-term view considering 2-5 years horizon.

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