Eternal Share Price Dips After Q2 2025 Results; Blinkit and Zomato Drive Growth

Market Performance

Eternal Limited, the parent company of Zomato and Blinkit, saw its shares dip nearly 2% in Friday trading following its Q2 FY26 results. The stock opened at ₹340.30 on the BSE, touched an intraday high of ₹347.75, and a low of ₹333.75, reflecting volatility in response to quarterly performance updates.

Q2 2025 Results: Revenue Growth vs Profitability Pressures

Eternal’s consolidated net profit for the quarter ending September 2025 declined sharply by 63% year-on-year to ₹65 crore. This comes after reporting ₹176 crore in the same quarter last year.

• Revenue from Operations: ₹13,590 crore, up from ₹4,799 crore YoY.
• Total Expenses: ₹13,813 crore, up from ₹4,783 crore YoY.

The revenue jump was primarily fueled by the quick commerce business (Blinkit), which saw exponential growth, though rising operational costs impacted profitability.

Segment-wise Performance

Eternal divides its reporting into several key segments: Indian food delivery, quick commerce, Hyperpure (B2B supplies), dining out, and other residual segments.

Quick Commerce (Blinkit)

• Net Order Value (NOV) grew 137% YoY to ₹11,679 crore.
• Adjusted revenue surged 756% YoY to ₹9,891 crore.
• Expanded store network by 272 stores in Q2, bringing total stores to 1,816.

Food Delivery (Zomato)

• NOV rose 14% YoY to ₹2,485 crore.
• Margins improved sequentially, hitting a record high for the segment.

Hyperpure (B2B Supplies)

• Revenue growth of 42% YoY.
• Adjusted EBITDA loss narrowed, showing steady margin improvement.

Dining Out

• NOV rose roughly 32% YoY, but margin challenges remained, reflecting ongoing investment pressures in the segment.

Operational Highlights

The quarter highlighted Eternal’s continued investment in growth despite short-term profitability pressures:

• Quick commerce revenue accounted for over 70% of total revenue growth.
• Food delivery growth, while slower, remained steady with improved margins.
• Expansion into new stores and strategic markets strengthened the operational footprint.

Summary

Eternal’s Q2 results reveal a company balancing rapid revenue growth in quick commerce with profitability challenges across segments. Zomato’s food delivery maintained steady NOV growth, while Blinkit scaled aggressively, achieving significant market expansion. Despite profit pressures, the underlying operational momentum and segmental growth provide a clear view of the company’s expanding reach in India’s quick commerce and food delivery ecosystem.

Eternal Share Price Today: ₹340.30–₹347.75 (intraday range)