$SWIGGY y, Eternal, Meesho, Nykaa in focus amid rising commodity inflation; HSBC sees up to 25% upside in quick commerce stocks

Quick Commerce Stocks Outlook: India’s quick commerce sector could see a net positive impact from the recent rise in commodity inflation, including fuel prices, according to a report by HSBC. The brokerage said higher inflation across FMCG products and fuel, triggered amid the West Asia conflict, may raise operating costs for quick commerce companies. However, the impact could be offset by stronger average order values, larger basket sizes and improved commissions. “The recent rise in commodity inflation (FMCG and fuel) may, on a net basis, be positive for quick commerce companies,” HSBC said in its report.