Fuel Hike a Manageable Headwind for Eternal, Swiggy: Per-Order Cost Up ₹0.44
Elara Capital pegs the recent ₹4/litre petrol hike as a near-term headwind for Eternal (Zomato) and Swiggy, lifting per-order fuel cost by ₹0.44 now and up to ₹1.2 if fuel rises ₹10/litre. FY27 EBITDA impact: 4-5% for Eternal, 10-12% for Swiggy. Eternal better placed to absorb.
Elara Capital says recent petrol hike is a manageable near-term headwind for Eternal and Swiggy, with per-order fuel cost rising ₹0.44 now and up to ₹1.2 if fuel climbs ₹10/litre. Eternal better placed to absorb costs.
Why this matters
Fuel-linked delivery economics remain a recurring pressure point for quick-commerce and food delivery players. Elara's analysis frames Eternal as more resilient than Swiggy in absorbing rider cost inflation.
Retail-company signals steady at 686 over the past 90 days.