Jignanshu Gor, Director & Senior Research Analyst at Bernstein, expects food delivery platforms to shift toward profitability, with fee hikes driving gradual earnings before interest, taxes, depreciation and amortisation (EBITDA) expansion as growth stabilises in a duopoly market.
He believes valuations could improve over time, especially in quick commerce, but meaningful upside will depend on consolidation and clearer competitive dynamics, while broader consumption demand remains uncertain amid inflationary pressures.
These are edited excerpts from…
