New Delhi, Jan. 14 -- The margins EBITDA for the quick commerce giants like Eternal (Zomato and Blinkit) have been reduced by 15-20 per cent for FY26-27 by UBS on Wednesday. Earlier, on Tuesday government has asked major delivery aggregators to remove the mandatory 10-minute delivery deadline.

In its report released on Wednesday, UBS said that margin recovery in the quick commerce (QC) segment is now expected to be pushed back by a few quarters due to rising competition and higher discounting across platforms.

The brokerage said it has cut Eternal's quick commerce adjusted EBITDA estimates for FY26-27 by 15-20 per cent, while reducing Swiggy's QC margins by 100-120 basis points.

It stated "Estimate changes, QC margin recovery pushed by...