Eternal Share In Focus As Upbeat Management Commentary Offsets Q1 Profit Decline
Shares of Eternal Ltd (formerly Zomato Ltd) will remain in focus in Tuesday's trading session, following a late rally on Monday post Q1 results
Zomato Share Price: Shares of Eternal Ltd (formerly Zomato Ltd) will remain in focus in Tuesday's trading session, following a late rally on Monday that saw the stock surge 7.56% to a five-month high of Rs 276.80. The spike came despite the company reporting a steep 90.12% year-on-year drop in consolidated net profit for the June 2025 quarter (Q1 FY26), which stood at Rs 25 crore compared to Rs 253 crore in the same period last year.
While profits dipped sharply, revenue from operations jumped 70.4% year-on-year to Rs 7,167 crore, primarily driven by strong growth in the company's quick commerce arm, Blinkit. Eternal's B2C Net Order Value (NOV) surged 55% YoY to Rs 20,183 crore, with Blinkit surpassing food delivery for the first time. Consolidated adjusted revenue rose 67% YoY to Rs 7,563 crore.
Despite top-line growth, profitability was impacted by ongoing investments. Adjusted EBITDA declined 42% YoY to ₹172 crore, reflecting higher spends on Blinkit and the company's expanding 'going-out" segment. Food delivery margins held steady at 5% of NOV, despite seasonal softness.
' I think the YoY growth is likely to bottom out now as we recover from the demand slowdown we started seeing in late 2024. For FY26, it looks unlikely that the business will deliver 20%-plus NOV growth, but we should be north of 15% and hopefully trending toward 20% in FY27."
During the quarter, Blinkit added 243 new stores and saw its NOV rise 127% YoY. The company also began transitioning Blinkit to an inventory-led model, which is expected to enhance both margins and revenue. Profitability in smaller cities was described as encouraging.
Meanwhile, the going-out vertical — now a Rs 8,000 crore annualized NOV business — continues to expand, bolstered by recent acquisitions in ticketing and events. Eternal ended the quarter with a cash balance of Rs 18,857 crore.
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