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Jefferies Q2 preview: Eternal sales seen at Rs 20,648 crore, Swiggy loss at Rs 1,068 crore

Eternal's Q2 adjusted sales are forecast to rise 173 per cent YoY, with pre-tax profit seen up 313 per cent YoY to Rs 268.60 crore. Swiggy's net sales are seen at Rs 7,912 crore. Jefferies also previews Nykaa, Lenskart, Meesho and Honasa.

Newer report , , Moneycontrol : ICICI Securities keeps Buy on Eternal with Rs 425 target as Blinkit nears 3,000 dark stores

The numbers

Figures from Business Today,

Nykaa Q2 sales estimate: Rs 6,103 crore
Lenskart Q2 net revenue forecast: Rs 2,772 crore
Honasa Q2 sales forecast: Rs 710 crore
Blinkit NOV growth forecast QoQ: 23%
Nykaa fashion growth forecast YoY: 47%

Why it matters to operators and investors

Jefferies expects Blinkit NOV to grow 23% QoQ and Nykaa fashion to grow 47% YoY, so brands and retailers should expect quick commerce to keep taking share of demand and plan assortment and availability for it.

The source

Source Read the source at Business Today

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