Eternal Q3 Performance Outlook **Executive Summary** Eternal anticipates robust growth for the December quarter, driven primarily by the acceleration of quick commerce and Blinkit’s strategic transition to a first-party (1P) operating model. While rapid expansion continues to fuel top-line revenue, focus remains on balancing scale with operational efficiency. **Key Segment Highlights** * **Quick Commerce (Blinkit):** Serves as the central growth engine with aggressive expansion. However, the segment continues to incur losses as it prioritizes market capture over immediate profitability. * **Food Delivery:** Demonstrates resilience with steady demand patterns and a sustained improvement in profit margins. * **Hyperpure:** Continues to record consistent growth, complementing the broader ecosystem. **Investor Outlook** Market analysis is currently focused on two critical factors: the intensifying competitive landscape in the quick commerce sector and Blinkit’s specific trajectory toward achieving breakeven and long-term profitability.