Top Searches
Advertisement

Eternal Ignites: Shares Soar 14% as Blinkit Steals the Spotlight


Updated: July 22, 2025 09:38

Image Source : The Economic Times
Eternal Ltd (formerly Zomato) surged 14 percent on July 22, extending its postQ1 rally and touching a fivemonth high of Rs 276.80. The stock’s momentum defies a sharp 90 percent yearonyear drop in net profit, signaling investor confidence in its quick commerce pivot.
 
Key Highlights:
  • Q1 FY26 net profit fell to Rs 25 crore from Rs 253 crore YoY
  • Revenue jumped 70 percent YoY to Rs 7,167 crore, led by Blinkit’s explosive growth
  • Blinkit’s Net Order Value rose 127 percent YoY; 243 new stores added
  • Adjusted EBITDA declined 42 percent YoY to Rs 172 crore due to expansion costs
Strategic Shifts:
  • Blinkit transitioned to an inventoryled model to improve margins
  • Food delivery margins held steady at 5 percent despite seasonal pressure
  • “Goingout” segment gained traction, now a Rs 8,000 crore annualized business
Investor Sentiment:
Despite profitability pressures, Eternal’s Rs 18,857 crore cash balance and aggressive growth strategy continue to attract bullish bets.
 
Source: Business Today, Financial Express

Advertisement

STORIES YOU MAY LIKE

Advertisement

Advertisement