Eternal, the parent company of Zomato and Blinkit, reported a marginal rise in its cash balance during the first quarter of FY26, despite significant capital expenditure on expanding its quick commerce business.
According to a filing with the National Stock Exchange dated July 11, Swiggy issued 38.86 lakh stock options under its ESOP 2024 plan. The grant is valued based on the previous market closing price of Rs 385.15 per share.
The number of Costa Coffee outlets grew from 179 in FY24 to 220 in FY25. In comparison, revenue from operations was Rs 151.8 crore, and profit stood at Rs 116.6 crore for the year ended March 31, 2024.
The food delivery sector in India is projected to grow by 13–14 percent in the coming years, with a steady-state EBITDA margin of around 5 percent, according to a new report by HSBC Global Investment Research.
The company reported a profit after tax before exceptional items of Rs. 506 million, with a 2.4% margin. EBITDA margin stood at 18.7%, lower by 163 basis points.
Jaipuria also highlighted that DIL has met its store expansion targets, surpassing 2,000 outlets across all brands and geographies during the quarter, ahead of its initial projections.
The OECD-FAO Agricultural Outlook 2017-2026 said the world's population will increase from 7.3 to 8.2 billion over the course of the next decade with India and Sub-Saharan Africa accounting for 56 per cent of total population growth.