Swiggy vs Eternal: How the 4% fuel hike can lead to a Rs 100-crore EBITDA squeeze

The last time you noticed your Swiggy or Zomato order costing a little more than expected, you probably blamed a restaurant price revision or a last-minute surge in platform fee. The next time it happens, it could be due to the recent fuel price hike.

The nearly 4% hike in petrol and diesel prices can result in an almost 12% earnings downgrade for Swiggy. The risk of downgrade is there for Eternal too, albeit relatively lower at 4-5%. This is as per a note by Elara Securities.

But consumers may have to bear the brunt of a price increase.