Not really.
FY26 consol PAT is likely to be around 3400 crs – 2400 crs (food delivery) + 1000 crs (blinkit)
On that basis, the stock is what 50x FY26? not expensive for a duopoly business in a high growth industry
Hell Dmart trades at 100x despite 12% growth… same with all fmcg cos
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