Eternal Q1 FY25 results (Apr–Jun 2024) and concall

Zomato's Q1 FY25 was a strong quarter with food delivery growing 27-28% YoY and Blinkit continuing rapid expansion with 113 new stores. The company outlined an ambitious 2,000-store target for Blinkit while maintaining marketplace model commitment. SKU count has grown 5x to 25,000 in two years. Management showed high confidence with no visible demand slowdown and food delivery margins trending toward the 4-5% target. The company also announced plans to launch District as a separate app for the going-out business.