Latest news with #Eternal
Reuters
17 minutes ago
- Business
- Reuters
Zomato parent Eternal rallies 10% in early India trading
July 22 (Reuters) - Indian online delivery firm Eternal ( opens new tab rose 10% early on Tuesday after the Zomato parent company reported strong quarterly revenue, boosting optimism over future growth in its quick commerce segment.
Time of India
an hour ago
- Business
- Time of India
Eternal, private banks lift Sensex 150 pts higher, Nifty over 25,100
Indian benchmark indices Sensex and Nifty50 opened higher on Tuesday, buoyed by strong earnings from top private lenders and Eternal (Zomato). Investors also remained cautious ahead of a potential trade deal with the US, with the August 1 deadline approaching. The BSE Sensex was trading 193 points, or 0.24%, higher at 82,393. The Nifty50 was up 43 points, or 0.17%, trading at 25,134 around 9:20 am. Explore courses from Top Institutes in Select a Course Category Project Management Design Thinking Operations Management PGDM Data Analytics Leadership MCA Digital Marketing Data Science others Technology Cybersecurity Data Science Finance healthcare Artificial Intelligence Management MBA Degree Healthcare Public Policy CXO Others Product Management Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details From the Sensex pack, Eternal, Trent, Tata Steel, BEL, ICICI Bank, and HDFC Bank were among the top gainers, while Infosys, UltraTech Cement, Sun Pharma, and Kotak Bank opened in the red. Eternal hit the 10% upper circuit after reporting a 70% year-on-year jump in Q1 revenue from operations to Rs 7,167 crore, driven by strong growth in its quick commerce and food delivery segments.
Economic Times
an hour ago
- Business
- Economic Times
Eternal shares in focus after strong Q1 revenue growth. Should you buy, sell or hold?
Shares of Eternal, the parent company of Zomato and Blinkit, will be in focus on Tuesday after the firm reported a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26. Net profit stood at Rs 25 crore, compared to Rs 253 crore in the same quarter last year. ADVERTISEMENT Despite the drop in profit, revenue from operations rose 70% YoY to Rs 7,167 crore, led by strong performance in quick commerce and food delivery segments. Akshant Goyal, CFO of Zomato, said the fall in profitability was mainly due to continued investments in quick commerce and the going-out vertical. Consolidated adjusted EBITDA dropped 42% YoY to Rs 172 crore, although food delivery EBITDA margin improved to 5.0% from 3.9% a year earlier. The company said net order value (NOV) of its B2C businesses grew 55% YoY and 16% sequentially to Rs 20,183 crore. For the first time, quick commerce NOV surpassed food delivery NOV for a full quarter.'On an annualised basis, we are now at nearly $10 billion in NOV across our B2C businesses, with quick commerce becoming our largest segment—contributing almost half of the annualised NOV,' Eternal said in its shareholder letter. ADVERTISEMENT Adjusted revenue rose 67% YoY and 22% quarter-on-quarter (QoQ) to Rs 7,563 crore. Meanwhile, B2B unit Hyperpure posted 89% YoY revenue growth, though management expects a near-term slowdown in this Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? ADVERTISEMENT MOSL maintained a 'Buy' rating and raised the target price to Rs 330 from Rs 310. ADVERTISEMENT The brokerage said quick commerce losses are stabilizing and Blinkit's strong growth—GOV up 140% YoY—is driving momentum. However, PAT missed estimates (Rs 25 crore vs Rs 270 crore expected). Despite this, MOSL expects 2QFY26 revenue and adjusted EBITDA to grow 66% and 15% YoY, also retained a 'Buy' call, raising the target price to Rs 340 from Rs 300. ADVERTISEMENT It highlighted food delivery GOV hitting a three-quarter high and projected margins growing at 19.2% CAGR from FY25–28E. Elara raised revenue estimates by 3.5–6% on quick commerce strength but cut EPS forecasts by 4–17% over FY25–28E due to losses in other raised its target price to Rs 320 from Rs 290 while maintaining a 'Buy' revised FY26E and FY27E earnings upward by 1.4% and 8.4%, respectively, and pointed to Blinkit's profitability and inventory-led model as margin drivers. Management expects margin gains ahead, assuming stable market competition. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% (Disclaimer: Recommendations, sugestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
an hour ago
- Business
- Mint
Eternal share price: Should you buy Zomato's parent stock post-Q1 results 2025?
Zomato's parent company Eternal share price will remain in focus in Tuesday's trading session after the company declared its financial results for the June quarter during the market hours on Monday, July 21. Eternal shares climbed over 7 per cent to close at ₹ 276.50 despite the online food delivery firm posted 90 per cent drop in its net profit. ' This was largely driven by a stellar 70% YoY growth in revenue from operations, which rose to Rs.7,167 crore in Q1 FY26 from Rs.4,206 crore in Q1 FY25,' said Sugandha Sachdeva- Founder-SS WealthStreet. The stock has given significant returns by surging over 30 per cent in 6 months and over 9 per cent in a month despite market volatility. Zomato's parent company posted a 90% year-on-year decline in net profit, falling to ₹ 25 crore in Q1 FY26. Despite the profit drop, revenue from operations surged 70% year-on-year to ₹ 7,167 crore during the quarter. The company's consolidated revenue rose 67% YoY and 22% QoQ to ₹ 7,563 crore, marking the 11th straight quarter of adjusted revenue growth exceeding 50% on a yearly basis. Net order value (NOV) from quick commerce exceeded that of food delivery, pushing the company's total B2C NOV to ₹ 20,183 crore—marking a 55% year-on-year and 16% quarter-on-quarter increase. On an annualized scale, Eternal is approaching the $10 billion mark in B2C NOV, with Blinkit leading as the key driver of this growth. ' Looking ahead, Zomato is well-positioned to benefit from rising digital adoption, an expanding urban millennial base, and growing discretionary spending. The company's robust growth trajectory is underpinned by expanding order volumes, improving unit economics, and consistent margin improvement across key segments,' Sachdeva added. Sachdeva further said that the technical structure indicates that the shares of Eternal had been consolidating between ₹ 255- ₹ 272 levels since early June but the stock has shown a sharp rise post the Q1 results, rising by around 5.64% in the previous session. ' The price structure indicates strong buying interest with bulls in control throughout the session. The stock price is also sustaining above the key 100, and 200 DEMA, indicating a bullish trend. Furthermore, the stock seems to have formed a base at Rs.255 levels from a short-term perspective, while major support rests at Rs.190 mark. However, some cool-off in the stock towards Rs.266-264, could provide a good price point to accumulate Eternal stock, with a near-term target of Rs.305 and then Rs.320. A protective stoploss should be placed at Rs.230 level on a closing basis,' she added. On the other hand, Anuj Gupta, Director, Ya Wealth Research & Advisory, believes the stock might witness some profit-booking in the coming sessions. ' We are expecting some profit booking may be seen in the counter as stock rose more than 30% on last three month. This a time to book profit in eternal stock, it has a strong resistance around 290 to 310 range,' Gupta said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
an hour ago
- Business
- Time of India
Eternal shares in focus after strong Q1 revenue growth. Should you buy, sell or hold?
Shares of Eternal , the parent company of Zomato and Blinkit , will be in focus on Tuesday after the firm reported a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26. Net profit stood at Rs 25 crore, compared to Rs 253 crore in the same quarter last year. Despite the drop in profit, revenue from operations rose 70% YoY to Rs 7,167 crore, led by strong performance in quick commerce and food delivery segments. Profit hit by investments in quick commerce and going-out segments Akshant Goyal, CFO of Zomato, said the fall in profitability was mainly due to continued investments in quick commerce and the going-out vertical. Consolidated adjusted EBITDA dropped 42% YoY to Rs 172 crore, although food delivery EBITDA margin improved to 5.0% from 3.9% a year earlier. The company said net order value (NOV) of its B2C businesses grew 55% YoY and 16% sequentially to Rs 20,183 crore. For the first time, quick commerce NOV surpassed food delivery NOV for a full quarter. 'On an annualised basis, we are now at nearly $10 billion in NOV across our B2C businesses, with quick commerce becoming our largest segment—contributing almost half of the annualised NOV,' Eternal said in its shareholder letter. Adjusted revenue rose 67% YoY and 22% quarter-on-quarter (QoQ) to Rs 7,563 crore. Meanwhile, B2B unit Hyperpure posted 89% YoY revenue growth, though management expects a near-term slowdown in this segment. Also Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? Should you buy, sell, or hold Eternal's stock? Here's what brokerages say: Motilal Oswal MOSL maintained a 'Buy' rating and raised the target price to Rs 330 from Rs 310. The brokerage said quick commerce losses are stabilizing and Blinkit's strong growth—GOV up 140% YoY—is driving momentum. However, PAT missed estimates (Rs 25 crore vs Rs 270 crore expected). Despite this, MOSL expects 2QFY26 revenue and adjusted EBITDA to grow 66% and 15% YoY, respectively. Elara Elara also retained a 'Buy' call, raising the target price to Rs 340 from Rs 300. It highlighted food delivery GOV hitting a three-quarter high and projected margins growing at 19.2% CAGR from FY25–28E. Elara raised revenue estimates by 3.5–6% on quick commerce strength but cut EPS forecasts by 4–17% over FY25–28E due to losses in other segments. Nuvama Nuvama raised its target price to Rs 320 from Rs 290 while maintaining a 'Buy' rating. It revised FY26E and FY27E earnings upward by 1.4% and 8.4%, respectively, and pointed to Blinkit's profitability and inventory-led model as margin drivers. Management expects margin gains ahead, assuming stable market competition. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% ( Disclaimer : Recommendations, sugestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
