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The Economic Times

Markets / The Economic Times

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UBS cuts EBITDA estimates for Eternal, Swiggy for next 2-3 years. Here's why

UBS cut EBITDA estimates for Zomato-owner Eternal and Swiggy as quick commerce competition intensifies, widening discounts and delaying margin recovery. Aggressive pricing by Amazon and Zepto pushes Blinkit breakeven to FY27 and weakens Instamart margins, despite long-term growth prospects ahead.

14 Jan 2026 4:17 pm