
Eternal remains a top portfolio pick despite rising competition in the quick commerce market. The company has continued to grow rapidly while maintaining its position as the market leader. Its strong network of dark stores is seen as a major competitive advantage, with Eternal having more dark stores than the next two players combined. The deep store network supports faster deliveries and stronger market penetration, creating an important business moat. The focus on quick commerce growth, execution and scale continues to support the bullish view on Eternal and its potential to regain its previous highs over the medium to long term.