Eternal earnings: Leadership shock may weigh on stock despite margin improvement, says Dharmesh Kant

Cholamandalam Securities’ Dharmesh Kant says Eternal’s stock may open lower after an unexpected leadership move, despite sequential margin improvement. PAT missed estimates, quick commerce cash burn remains high, and Blinkit’s EBITDA breakeven may be premature. He sees short-term trading opportunity, but stays cautious on long-term valuations amid intense competition from Amazon, Flipkart, and Swiggy in India markets.