Eternal Quarterly Profit Rises 92.3% but Misses Estimates
Eternal's consolidated net profit rose 92.3% to 1.25 billion rupees in the second quarter, but missed expectations as higher spending on Blinkit's expansion weighed.
India's Eternal NSE:ETERNAL reported a rise in second-quarter profit but missed expectations on Wednesday, as higher spending on expanding its quick-commerce business Blinkit weighed.The company's consolidated net profit rose 92.3% to 1.25 billion rupees ($13.24 million) in the quarter ended Septem…