Market Performance
- Eternal share price closed at ₹271.20, marking a 5.38% rise on the BSE.
- This is Eternal’s highest closing level in the calendar year 2025.
- The stock witnessed strong volumes, making it the top gainer on the Nifty 50 index for the day.
Main News: Eternal Q1 Results FY26
Eternal, formerly known as Zomato, reported its Q1 FY26 financial performance on Monday, delivering a mixed earnings report.
Key Highlights:
- Net Profit:
- ₹25 crore in Q1 FY26
- Down 90% YoY from ₹253 crore in Q1 FY25
- Down 36% QoQ from ₹39 crore in Q4 FY25
- Revenue from Operations:
- ₹7,167 crore in Q1 FY26
- Up 70.4% YoY from ₹4,206 crore
- Up 22.86% QoQ from ₹5,833 crore
- Adjusted EBITDA:
- ₹172 crore in Q1 FY26
- Down 42% YoY
- Adjusted EBITDA Margin (Food Delivery):
- Improved to 5.0% from 3.9% YoY
Company Details
B2C Performance
- Net Order Value (NOV):
- ₹20,183 crore in Q1 FY26
- Up 55% YoY, 16% QoQ
- Quick commerce NOV surpassed food delivery NOV for the first time in a full quarter
- Annualized NOV nears $10 billion
- Quick Commerce (Blinkit):
- Opened 243 new stores in Q1
- Total store count reached 1,544
- Targeting 2,000 stores by December 2025
- Warehousing space expanded by 0.4 million sq ft to over 5.6 million sq ft
- Monthly Transacting Customers (MTC):
- Grew 123% YoY
- Rose from 7.6 million to 16.9 million
- Quick Commerce NOV:
- Surged 127% YoY
- Margins improved from -2.4% to -1.8% QoQ
B2B Segment - Hyperpure
- Revenue Growth:
- Up 89% YoY, 25% QoQ
Financial Summary
Metric | Q1 FY26 | Q1 FY25 | Growth (%) |
Revenue | ₹7,167 crore | ₹4,206 crore | +70.4% |
Net Profit | ₹25 crore | ₹253 crore | -90% |
Net Profit QoQ | ₹25 crore | ₹39 crore | -36% |
Adjusted EBITDA | ₹172 crore | ₹297 crore* | -42% |
Food Delivery Margin | 5.0% | 3.9% | +1.1% |
Net Order Value (NOV) | ₹20,183 crore | ₹13,020 crore* | +55% |
Blinkit Store Count | 1,544 stores | — | — |
Warehousing Footprint | 5.6 million sq ft | — | — |
Monthly Transacting Users | 16.9 million | 7.6 million | +123% |
Summary
Eternal’s Q1 FY26 results reflect strong revenue growth, driven by a surge in quick commerce and food delivery volumes. Despite a sharp drop in profits, the company has demonstrated solid topline momentum across its B2C and B2B operations.
The stock reacted positively to the revenue numbers, closing 5.38% higher on the BSE. With its quick commerce division scaling aggressively and customer base expanding, Eternal continues to make strategic progress despite near-term profitability pressures.
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