# ETERNAL (ETERNAL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/eternal

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹320.25
- Change: -0.85%
- As of: 2026-10-13
- 1D return: -0.14%
- 5D return: +0.69%
- 1M return: +0.28%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-12_

### Technical Outlook

As of October 12, 2026, the stock exhibits a mixed technical picture across timeframes. Daily and monthly charts indicate a bearish trend, with price below the Supertrend and several key moving averages, while the weekly timeframe shows a bullish setup with price above moving averages and the Supertrend. Daily trend conviction is weak, as indicated by a low ADX of 16.68, contrasting with developing trend strength on the weekly (ADX 23.59) and monthly (ADX 22.32) charts. The stock is positioned around the middle of its 20-day and 50-day ranges, but in the upper-middle of its 252-day range, suggesting recent upward movement within a longer-term trend. Recent market activity shows a slight increase in positive attention events over the last 30 days, alongside one downside event.

Participation and risk are characterized by moderate volatility, with annualized volatility at +33.4% and an Average True Range (ATR) of 2.71%. The current drawdown stands at -8.8%, with a maximum historical drawdown of -39.1%. The immediate risk is defined by nearby support at ₹322.02 (0.30% below current price) and resistance at ₹326.88 (1.20% above current price). A confirmed break above the ₹326.88 resistance level, supported by increasing volume and stronger daily trend indicators, could signal a shift towards the weekly bullish setup. Conversely, a decisive close below the ₹322.02 support level would reinforce the bearish daily and monthly trends.

- Mixed signals across timeframes: bearish daily/monthly trends versus bullish weekly trend.
- Daily trend conviction is weak (ADX 16.68), while weekly and monthly trends show developing strength.
- Stock is positioned around the middle of its 20-day and 50-day ranges, and upper-middle of its 252-day range.
- Nearest support is ₹322.02 (-0.30%) and resistance is ₹326.88 (+1.20%).
- Confirmation of bullish setup requires a break above resistance with increased volume; invalidation occurs on a break below support.

- Inside Bar
- Harami
- Bullish Engulfing Reversal
- Outside Bar
- Bearish Engulfing Reversal

### News Context

Eternal shares have seen a notable increase, gaining approximately 36% over the past six months. This performance has been attributed by analysts to the company's advancements in quick-commerce, enhanced customer retention, and improved operational efficiency. Joindre Capital has issued a 'Buy' rating on the stock, suggesting a potential for an additional 22% upside. The company's upcoming second-quarter results are also anticipated, with Jefferies providing a preview of these earnings alongside other sector players.

- Eternal shares have risen nearly 36% in the last six months.
- Analysts cite quick-commerce growth, stronger customer retention, and improved efficiency as drivers for the stock's performance.
- Joindre Capital has rated the stock 'Buy' with a potential for 22% further upside.
- Jefferies released a preview of Eternal's Q2 results on October 7, 2026.

- [Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)
- [Swiggy, Eternal, Meesho, Nykaa, Lenskart, Honasa: Jefferies shares Q2 results preview](https://www.businesstoday.in/markets/stocks/story/swiggy-eternal-meesho-nykaa-lenskart-honasa-jefferies-shares-q2-results-preview-560050-2026-10-07)

### What Changed

Eternal shares have experienced a notable increase, gaining approximately 36% over the past six months ending October 12, 2026. This upward trend is attributed by analysts to factors including growth in quick-commerce operations, enhanced customer retention, and improved operational efficiency. The company's common name is Eternal, listed on the BSE.

- Eternal shares returned approximately +36% in the six months leading up to October 12, 2026.
- Analysts cite quick-commerce growth, stronger customer retention, and improved efficiency as drivers for recent share performance.
- The company is listed on the BSE under the common name Eternal.

- [Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)

### Official Filings

Eternal Limited has made several disclosures in the recent period. On October 1, 2026, the company announced the grant of stock options to eligible employees under its ESOP plans. This includes 130 options under ESOP 2014, 3,023,519 under ESOP 2021, and 1,155,363 under ESOP 2024, with an exercise price of ₹1 per option. These options cover a total of 5,049,882 equity shares and have varying exercise periods.

In other disclosures, on September 18, 2026, the company announced its ESG rating. Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned Eternal Limited an ESG rating of 76.00 and an 'Leader' ESG Band for the financial year 2026. Separately, on September 3, 2026, CRISIL ESG Ratings & Analytics Limited assigned the company a Crisil ESG 72 rating and a Crisil Core ESG 74 rating for the same financial year.

Additionally, on September 18, 2026, Eternal Limited informed the exchange about the closure of its trading window for designated persons, effective September 19, 2026, in preparation for the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026. The trading window is set to reopen forty-eight hours after the announcement of these results. The company also participated in the Jefferies India Forum 2026 on September 17, 2026, engaging in investor meetings.

- On October 1, 2026, 4,179,012 stock options were granted to employees under ESOP 2014, 2021, and 2024 plans, with an exercise price of ₹1 per option.
- Eternal Limited received an ESG rating of 76.00 and an 'Leader' ESG Band from Niche Ninety Nine Capability and Certifications (OPC) Private Limited for FY2026, as disclosed on September 18, 2026.
- CRISIL ESG Ratings & Analytics Limited assigned Eternal Limited a Crisil ESG 72 rating and a Crisil Core ESG 74 rating for FY2026, disclosed on September 3, 2026.
- The trading window for designated persons was closed from September 19, 2026, in anticipation of the Q2 FY2027 financial results announcement.
- The company participated in the Jefferies India Forum 2026 on September 17, 2026, for investor interactions.

- [Eternal Limited has informed the exchange about certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ZOMATO_07102026182413_SignedCertificateSeptember2026.pdf)
- [Eternal Limited for informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZOMATO_01102026171038_grantDisclosureOctober12026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19405_WebXMLFile_20261001_172611377.xml)
- [Eternal Limited has filed with exchange ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026150135_ESGRatingdisclosureFinalsigned18092026.pdf)
- [ETERNAL LIMITED has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026211627_TWCSept2026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19405_WebXMLFile_20260918_212256299.xml)
- [ETERNAL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19405_WebXMLFile_20260911_192722100.xml)
- [Eternal Limited has informed the exchange about schedule of participation in investor conference. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_11092026191907_SignedInvestorConference.pdf)
- [Eternal Limited has filed with Exchange ESG rating assigned by CRISIL ESG Credit Rating & Analytics Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_03092026140104_SignedESGRatingdisclosureFinal__1_.pdf)
- [Eternal Limited has submitted with exchange copy of scrutinizers report and voting results of 16th Annual General Meeting of the Company held on August 26, 2026. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ZOMATO_27082026195837_VotingResultSignedAGM.pdf)

### Fundamentals

Eternal's recent performance shows a mixed operational trajectory. Revenue from operations increased sequentially to ₹20,211 crore in Q1 FY2026-27 from ₹17,292 crore in Q4 FY2025-26. However, this top-line growth was not mirrored in net profit, which decreased to ₹92 crore in Q1 FY2026-27 from ₹174 crore in the prior quarter. This divergence suggests margin pressure or increased costs impacting profitability, as evidenced by the sequential increase in expenses from ₹17,406 crore to ₹20,314 crore.

Financially, the company's borrowings have significantly increased from ₹749 crore in March 2024 to ₹4,592 crore by March 2026, while equity capital has seen a more modest rise from ₹868 crore to ₹919 crore over the same period. This indicates a growing reliance on debt financing. The cash flow from operating activities has been volatile, decreasing to ₹308 crore in March 2025 before recovering to ₹632 crore in March 2026. The cash from investing activities shows a substantial outflow of ₹7,993 crore in March 2025, followed by an inflow of ₹540 crore in March 2026.

The most important checkpoint for the next reporting period will be the sustainability of revenue growth and the company's ability to convert this into improved net profit, alongside monitoring the trend in its increasing borrowings.

- Revenue from operations increased sequentially to ₹20,211 crore in Q1 FY2026-27.
- Net profit decreased sequentially to ₹92 crore in Q1 FY2026-27 from ₹174 crore in Q4 FY2025-26, indicating margin pressure.
- Borrowings have risen substantially to ₹4,592 crore by March 2026, up from ₹749 crore in March 2024.
- Monitor the conversion of revenue growth to net profit and the trend in borrowings for the next reporting period.

### Bull Case

Eternal shares have demonstrated a notable upward trend over the past six months, with returns of +34.5%. This performance has been attributed by analysts to advancements in quick-commerce operations, enhanced customer loyalty, and improved operational efficiencies. The company's stock has also seen a significant gain of +52.8% since its inception. On a weekly basis, technical indicators suggest a bullish trend, with the Supertrend direction indicating a positive setup.

- Shares have returned +34.5% over the last six months.
- Analysts cite quick-commerce growth, customer retention, and efficiency improvements as drivers.
- The stock has achieved a cumulative return of +52.8% since its inception.
- Weekly technical indicators show a bullish Supertrend direction.

- [Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)
- [Swiggy, Eternal, Meesho, Nykaa, Lenskart, Honasa: Jefferies shares Q2 results preview](https://www.businesstoday.in/markets/stocks/story/swiggy-eternal-meesho-nykaa-lenskart-honasa-jefferies-shares-q2-results-preview-560050-2026-10-07)
- [Eternal Limited has informed the exchange about certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ZOMATO_07102026182413_SignedCertificateSeptember2026.pdf)
- [Eternal Limited for informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZOMATO_01102026171038_grantDisclosureOctober12026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19405_WebXMLFile_20261001_172611377.xml)
- [Eternal Limited has filed with exchange ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026150135_ESGRatingdisclosureFinalsigned18092026.pdf)
- [ETERNAL LIMITED has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026211627_TWCSept2026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19405_WebXMLFile_20260918_212256299.xml)
- [ETERNAL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19405_WebXMLFile_20260911_192722100.xml)
- [Eternal Limited has informed the exchange about schedule of participation in investor conference. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_11092026191907_SignedInvestorConference.pdf)

### Bear Case

The company's technical indicators suggest a cautious outlook. The daily and monthly Supertrend directions are both bearish. While the weekly trend shows a bullish direction, the daily EMA 20 slope is negative (-0.57), indicating short-term downward momentum. The stock is trading near its nearest support level of ₹322.02, which is 0.30% below the current price. Furthermore, the company has experienced a maximum drawdown of -39.1% and a current drawdown of -8.8%, highlighting significant past and present volatility.

- Daily and monthly Supertrend indicators are bearish.
- The nearest support level is ₹322.02, approximately 0.30% below the current price.
- The stock has a maximum drawdown of -39.1% and a current drawdown of -8.8%.
- The daily EMA 20 slope is -0.57, suggesting short-term downward pressure.

- [Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)
- [Swiggy, Eternal, Meesho, Nykaa, Lenskart, Honasa: Jefferies shares Q2 results preview](https://www.businesstoday.in/markets/stocks/story/swiggy-eternal-meesho-nykaa-lenskart-honasa-jefferies-shares-q2-results-preview-560050-2026-10-07)
- [Eternal Limited has informed the exchange about certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ZOMATO_07102026182413_SignedCertificateSeptember2026.pdf)
- [Eternal Limited for informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZOMATO_01102026171038_grantDisclosureOctober12026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19405_WebXMLFile_20261001_172611377.xml)
- [Eternal Limited has filed with exchange ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026150135_ESGRatingdisclosureFinalsigned18092026.pdf)
- [ETERNAL LIMITED has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026211627_TWCSept2026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19405_WebXMLFile_20260918_212256299.xml)
- [ETERNAL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19405_WebXMLFile_20260911_192722100.xml)
- [Eternal Limited has informed the exchange about schedule of participation in investor conference. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_11092026191907_SignedInvestorConference.pdf)

### FAQs

**What has been Eternal's recent stock performance and what are analysts saying?**

Eternal shares have seen a notable increase, gaining nearly 36% over the past six months. Analysts attribute this performance to factors such as quick-commerce growth, improved customer retention, and increased operational efficiency. One analyst firm, Joindre Capital, has issued a 'Buy' rating for the stock.

**What recent corporate actions has Eternal undertaken regarding employee stock options?**

On October 1, 2026, Eternal Limited's Nomination and Remuneration Committee approved the grant of 4,179,012 stock options to eligible employees. These options are distributed across ESOP 2014 (130 options), ESOP 2021 (3,023,519 options), and ESOP 2024 (1,155,363 options). The exercise price for these options is ₹1 per option, covering a total of 5,049,882 equity shares. The options have varying exercise periods, generally within 10 to 12 years from vesting or listing.

**What is Eternal's ESG rating and classification?**

As of September 18, 2026, Eternal Limited received an ESG rating of 76.00 and was classified in the 'Leader' band by Niche Ninety Nine Capability and Certifications (OPC) Private Limited for the financial year 2026.

**What are the key technical support and resistance levels for Eternal's stock?**

As of October 12, 2026, the nearest technical support level for Eternal's stock is ₹322.02, which is approximately 0.30% below the current price. The closest resistance level is ₹326.88, approximately 1.20% above the current price.

**What has been Eternal's stock performance over different periods?**

As of October 12, 2026, Eternal's stock has shown varied returns across different timeframes. It has returned +13.8% year-to-date and +34.5% over the last six months. Over a three-month period, the return was +11.5%. However, the stock has seen negative returns over longer periods, with -7.3% in the last year and -3.6% over the last ten days.

- [Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)
- [Swiggy, Eternal, Meesho, Nykaa, Lenskart, Honasa: Jefferies shares Q2 results preview](https://www.businesstoday.in/markets/stocks/story/swiggy-eternal-meesho-nykaa-lenskart-honasa-jefferies-shares-q2-results-preview-560050-2026-10-07)
- [Eternal Limited has informed the exchange about certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ZOMATO_07102026182413_SignedCertificateSeptember2026.pdf)
- [Eternal Limited for informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZOMATO_01102026171038_grantDisclosureOctober12026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19405_WebXMLFile_20261001_172611377.xml)
- [Eternal Limited has filed with exchange ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026150135_ESGRatingdisclosureFinalsigned18092026.pdf)
- [ETERNAL LIMITED has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026211627_TWCSept2026signed.pdf)
- [ETERNAL LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19405_WebXMLFile_20260918_212256299.xml)
- [ETERNAL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19405_WebXMLFile_20260911_192722100.xml)
- [Eternal Limited has informed the exchange about schedule of participation in investor conference. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZOMATO_11092026191907_SignedInvestorConference.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹322.02
- Risk regime: Price Risk Currently Contained

### Support levels
- 306.375
- 299.76250000000005
- 294.75

### Resistance levels
- 332.80625
- 344.15
- 368.45

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.14% |
| return_10 | -3.58% |
| return_1m | -0.15% |
| return_1y | -7.26% |
| return_20 | +0.28% |
| return_3m | +11.51% |
| return_5 | +0.69% |
| return_6m | +34.45% |
| return_since_start | +52.80% |
| return_ytd | +13.81% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -39.13% |
| annualized_volatility | +33.38% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Grows 17% Sequentially, But Net Profit Falls by Nearly Half

In the quarter ended 30 June 2026, Eternal Limited reported strong sequential revenue growth alongside a proportionate rise in operating expenses. Pre-tax earnings increased, but the final profit after tax declined sharply due to a substantial jump in tax expenses. Finance costs continued their upward trajectory, and the company's expense breakdown reveals a large undetailed portion of total costs.

## Revenue and Expense Growth

Revenue from operations reached ₹20,211 crore, marking a 16.9% sequential increase from ₹17,292 crore in the prior quarter and an 182% year-over-year rise from ₹7,167 crore. Operating expenses grew at a nearly identical pace, rising 16.7% sequentially to ₹20,314 crore. The parallel movement in top-line revenue and total expenses indicates that the cost base expanded in step with transaction volume during this period.

## Profitability and Tax Impact

Pre-tax profit before exceptional items rose 19.3% sequentially to ₹272 crore, up from ₹228 crore. Despite this improvement in operating earnings, profit after tax fell 47.1% to ₹92 crore, down from ₹174 crore in the previous quarter. The divergence is directly attributable to tax expense, which increased to ₹180 crore from ₹54 crore. The higher tax outflow absorbed the sequential gains in pre-tax profit, resulting in a lower net profit for the period.

## Cost Composition and Finance Costs

The largest single expense component was purchases of stock in trade at ₹12,860 crore. Employee benefits accounted for ₹1,068 crore, depreciation for ₹546 crore, and materials consumed for ₹47 crore. Finance costs rose 14.4% sequentially to ₹151 crore, continuing a consistent upward trend over the last five quarters, where they increased from ₹67 crore to ₹151 crore. The sum of these identified expense categories totals ₹14,672 crore, leaving ₹5,642 crore within the total expenses of ₹20,314 crore that is not itemized in the current reporting.

## Segment Reporting Structure

The relationship between segment revenue and consolidated revenue shifted compared to the prior quarter. In the quarter ended 30 June 2026, consolidated revenue of ₹20,211 crore matched segment revenue exactly, while inter-segment revenue was reported separately at ₹94 crore. In the preceding quarter, consolidated revenue of ₹17,292 crore was the sum of segment revenue (₹17,214 crore) and inter-segment revenue (₹78 crore). This change in how inter-segment transactions are treated in the consolidated total differs from the previous reporting period.

## Key Takeaway

Eternal Limited delivered strong sequential revenue growth and higher pre-tax earnings in the quarter ended 30 June 2026. However, net profit declined by nearly half compared to the prior quarter due to a sharp increase in tax expenses. While the business continues to scale, finance costs have risen steadily over five consecutive quarters, and a significant portion of the total expense base remains undetailed in the current reporting structure.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +0.00%
- FII holding: +27.44%
- DII holding: +39.21%
- Mutual fund holding: +31.68%
- Retail holding: +5.91%
- Promoter pledged: +0.00%

### Major reported shareholders

- Info Edge (India) Limited — +12.38%
- Foodie Bay Employees Esop Trust — +4.61%
- Deepinder Goyal — +4.40%
- Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund — +4.31%
- Sbi Nifty 50 Etf — +3.64%
- Kotak Flexicap Fund — +3.02%
- Icici Prudential Balanced Advantage Fund — +3.01%
- Nippon Life India Trustee Ltd-A/C Nippon India Etf Nifty 50 Bees — +2.55%
- Uti-Flexi Cap Fund — +2.30%
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Large Cap Fund — +1.95%

## Official filings

- 2026-10-07 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_07102026182413_SignedCertificateSeptember2026.pdf)
- 2026-10-01 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_01102026171038_grantDisclosureOctober12026signed.pdf)
- 2026-10-01 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19405_WebXMLFile_20261001_172611377.xml)
- 2026-09-18 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026150135_ESGRatingdisclosureFinalsigned18092026.pdf)
- 2026-09-18 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_18092026211627_TWCSept2026signed.pdf)
- 2026-09-18 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19405_WebXMLFile_20260918_212256299.xml)
- 2026-09-11 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19405_WebXMLFile_20260911_192722100.xml)
- 2026-09-11 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_11092026191907_SignedInvestorConference.pdf)
- 2026-09-03 — Credit Rating Update: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_03092026140104_SignedESGRatingdisclosureFinal__1_.pdf)
- 2026-08-27 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_27082026195837_VotingResultSignedAGM.pdf)
- 2026-08-26 — Generic Announcement: ETERNAL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_26082026202912_SignedproceedingsofAGM.pdf)
- 2026-07-31 — Generic Announcement: Eternal Limited (formerly Zomato Limited) has published newspaper advertisements regarding its 16th Annual General Meeting (AGM) and e-voting information. The advertisements appeared in the Financial Express and Jansatta. The company will also host this information on its website, www.eternal.com. — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_31072026174615_NewspaperAdPost31072026.pdf)
- 2026-07-30 — Generic Announcement: Eternal Limited (formerly Zomato Limited) has sent physical communications to members without registered email addresses, providing the weblink and website path to access the Notice and Annual Report for the financial year ended March 31, 2026. The 16th Annual General Meeting is scheduled for August 26, 2026. The notice and annual report are available on the company's website and stock exchange websites. Members can request physical copies or update their email addresses through the provided links and procedures. — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_30072026212625_AGMphysicalletter30072026signed.pdf)
- 2026-07-29 — Generic Announcement: Eternal Limited (formerly Zomato Limited) announced its 16th Annual General Meeting will be held on August 26, 2026, via video conference. The company will also release its Annual Report for the financial year ended March 31, 2026. The cut-off date for e-voting eligibility is August 19, 2026, with remote e-voting available from August 22 to August 25, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_29072026204816_EternalAnnualreportsignedNSE.pdf)
- 2026-07-29 — Generic Announcement: Eternal Limited (formerly Zomato Limited) held an earnings conference call on July 22, 2026, to discuss Q1 FY27 results. Management discussed increased long-term guidance for quick commerce to 6%, citing investments in store efficiency and larger store sizes. They addressed competitive intensity in quick commerce, noting it has become more predictable, primarily involving subsidies, and that Q1 FY27 was the peak of this intensity. The company also discussed its strategy of focusing on value and operational efficiency over deep discounting, citing past experiences where discount-led growth was unsustainable. Discussions also covered Blinkit's Average Order Value (AOV) remaining flat year-on-year, food delivery customer growth, and the cautious expansion of the Bistro business with approximately 10 new kitchens per quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/ZOMATO_29072026145100_TranscriptfilingJuly222026.pdf)
- 2026-07-29 — Official Filing: ETERNAL LIMITED will hold its 16th Annual General Meeting on Wednesday, August 26, 2026, at 12:00 PM in New Delhi, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting the audited financial statements for the year ended March 31, 2026, and considering the re-appointment of Sanjeev Bikhchandani, Non-Executive Nominee Director, who retires by rotation. His tenure is noted as starting August 26, 2026, and ending August 31, 2027, for reporting purposes.
- 2026-07-29 — Official Filing: Eternal Limited has disclosed the transcript for its Q1 FY27 earnings call, which took place on July 22, 2026. The transcript was uploaded to the company's website on July 29, 2026, at 14:32:00. This disclosure follows a prior intimation to the exchange on July 15, 2026.
- 2026-07-28 — Official Filing: ETERNAL LIMITED (formerly Zomato Limited) published newspaper advertisements on July 28, 2026, announcing its 16th Annual General Meeting (AGM) scheduled for August 26, 2026. The AGM will be held via Video Conferencing/Other Audio Visual Means and will include information on e-voting.
- 2026-07-22 — Official Filing: Eternal Limited (formerly Zomato Limited) submitted its monitoring agency report for the quarter ended June 30, 2026, confirming no deviation in the utilization of proceeds from its Qualified Institutions Placement (QIP) issue. The company raised INR 8,500 Crore through the QIP, with net proceeds of INR 8,436.12 Crore. As of the end of the quarter, INR 6,352.94 Crore had been utilized, leaving INR 2,083.18 Crore unutilized. The unutilized funds are invested in various fixed deposits and government securities.
- 2026-07-22 — Official Filing: Eternal Limited's board approved unaudited financial results for the quarter ended June 30, 2026, and the notice for the 16th Annual General Meeting on August 26, 2026. The company also approved a business transfer agreement to transfer its 'Nugget by Zomato' business to its wholly-owned subsidiary, Carthero Technologies Private Limited, for a cash consideration of INR 35 crore. The board meeting took place on July 22, 2026.
- 2026-07-22 — Official Filing: Eternal Limited (formerly Zomato Limited) has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) effective July 22, 2026. This revision aligns the code with updated regulatory requirements and includes definitions for terms like 'Connected Person,' 'Designated Person,' and 'Legitimate Purpose.' The company will host the amended code on its website, www.eternal.com.

## News and market events

- 2026-10-13 — BUSINESSTODAY: **Eternal, Swiggy shares in focus as FSSAI to tighten grip on $80-bn online market** — Eternal, Swiggy, Blinkit, Swiggy Instamart, Amazon Now, FSSAI — [Source](https://www.businesstoday.in/markets/stocks/story/eternal-swiggy-shares-in-focus-as-fssai-to-tighten-grip-on-80-bn-online-market-561219-2026-10-13)
- 2026-10-13 — The Hindu: **FSSAI to tighten grip on $80 billion online market** — FSSAI tightens online food rules, demanding expiry dates, batch numbers, photos of dark kitchens, and platform accountability amid crackdown on misbranding and unsafe practices. — [Source](https://www.thehindubusinessline.com/companies/fssai-to-tighten-grip-on-80-billion-online-market/article71577824.ece)
- 2026-10-13 — Mint: **Blinkit, Instamart and Amazon Now to face stricter rules? FSSAI says ‘trying to tighten, make accountable’ | Company Business News** — India’s food regulator FSSAI is preparing tighter rules for quick-commerce platforms, including Blinkit, Instamart and Amazon Now, amid rising enforcement over food safety violations. Here's all we know… — [Source](https://www.livemint.com/companies/news/blinkit-instamart-and-amazon-now-to-face-stricter-rules-fssai-says-trying-to-tighten-make-accountable-11791865938042.html)
- 2026-10-11 — Mint: **Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?** — Eternal shares have gained nearly 36% in six months, with analysts citing quick-commerce growth, stronger customer retention and improved efficiency. Joindre Capital rates the stock Buy. Read our full article to check target price, upside, and key risk — [Source](https://www.livemint.com/market/stock-market-news/food-delivery-stock-to-buy-eternal-shares-36-returns-in-6-months-by-zomato-parent-22-more-upside-ahead-11791726764938.html)
- 2026-10-07 — BUSINESSTODAY: **Swiggy, Eternal, Meesho, Nykaa, Lenskart, Honasa: Jefferies shares Q2 results preview** — Eternal share price, Swiggy share price, Meesho share price, Swiggy Q2 results, Eternal Q2 results, Meesho Q2 results — [Source](https://www.businesstoday.in/markets/stocks/story/swiggy-eternal-meesho-nykaa-lenskart-honasa-jefferies-shares-q2-results-preview-560050-2026-10-07)
- 2026-10-05 — Mint: **Mint Explainer | Why Karnataka’s gig worker law has put platforms and workers at odds | Mint** — At the heart of the dispute is a question: can states create their own social-security regimes for gig workers when Parliament has already enacted a national law covering them? — [Source](https://www.livemint.com/industry/karnataka-gig-worker-law-social-security-platform-companies-11791175740941.html)
- 2026-10-01 — Economic Times: **Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?** — Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII outflows and surging US bond yields, the market weakness marks the longest losing streak since 2001, surpassing the seven-week Covid crash. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/sensex-falls-100-pts-nifty-below-22550-as-market-heads-for-8th-weekly-loss-overtaking-covid-crash-more-pain-ahead/articleshow/134608284.cms)
- 2026-09-30 — News18: **Market Close: Sensex Ends 49 Points Lower, Nifty Slips Below 22,650; Bank Stocks Gain, Pharma, Metal Drag** — The market remained volatile through the session, while gains in banking and select IT stocks were offset by selling in pharma, healthcare, metal and consumer durable shares. — [Source](https://www.news18.com/business/markets/market-close-sensex-ends-49-points-lower-nifty-slips-below-22650-bank-stocks-gain-pharma-metal-drag-ws-l-10361074.html)
- 2026-09-30 — MONEYCONTROL: **Live: Nifty starts Oct series on a positive note; Hospital stocks drop | Closing Bell** — Sensex, Nifty, NSE, BSE, stock market, video, share market — [Source](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-starts-oct-series-on-a-positive-note-hospital-stocks-drop-closing-bell-14041914.html)
- 2026-09-30 — Economic Times: **Zomato employees once took a 20% salary cut when times were tough. That later became a 30X fortune, recalls ex-staffer** — During Covid, Zomato employees accepted salary cuts after the companys food delivery business nearly shut down and it had only 45 days of cash left, Deepinder Goyal recalled. Former employee Sanchit Goyal said he took a 20% pay cut after an emotional appeal from Goyal. More than 80% participated, and employees later got the money back, while equity reportedly delivered 30x gains after Zomatos IPO. — [Source](https://economictimes.indiatimes.com/magazines/panache/zomato-employees-once-took-a-20-salary-cut-when-times-were-tough-that-later-became-a-30x-fortune-recalls-ex-staffer/articleshow/134587417.cms)
- 2026-09-29 — BUSINESSTODAY: **ITC, Swiggy, Eternal, HUL, Dabur, Marico shares: BNP Paribas sees up to 47% upside; target prices** — ITC share, ITC share price, Swiggy share price, Eternal share price, Dabur share price, Swiggy shares, Eternal shares — [Source](https://www.businesstoday.in/markets/stocks/story/itc-swiggy-eternal-hul-dabur-marico-shares-bnp-paribas-sees-up-to-47-upside-target-prices-558533-2026-09-29)
- 2026-09-29 — CNBC-TV18: **11:11 | Anthropic lays out sweeping AI ambitions; US-Iran talks; Trump announces $15 bn Essar steel plant** — Anthropic unveils its AI ambitions ahead of its IPO. The US and Iran separately engage with mediators in a fresh push to end their seven-month war, while Donald Trump announces Essar Group’s $15 billion steel plant in Iowa. The FBI adds Goldy Brar to its Ten Most Wanted list with a reward of up to $1 million and more in today’s 11:11. — [Source](https://www.cnbctv18.com/business/anthropic-lays-out-sweeping-ai-ambitions-us-iran-talks-trump-announces-15-bn-essar-steel-plant-20000557.htm)
- 2026-09-29 — Economic Times: **Goldman Sachs sees Eternal achieving $1 billion EBITDA by FY29; raises target price** — Goldman Sachs maintained a Buy rating on Eternal, formerly Zomato, raising its target price by 11% to Rs 385. The brokerage foresees Eternal hitting $1 billion EBITDA by FY29, driven by Blinkit's robust growth and steady-state margin expansion alongside stabilising competitive intensity in quick commerce. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/goldman-sachs-sees-eternal-achieving-1-billion-ebitda-by-fy29-raises-target-price/articleshow/134554650.cms)
- 2026-09-29 — CNBC-TV18: **Four key reasons why Goldman Sachs expects Eternal share price to rise 16%** — Brokerage firm Goldman Sachs continues to view Eternal as one of its top picks in India’s internet sector, citing four key factors that could support the stock going forward. — [Source](https://www.cnbctv18.com/market/eternal-share-price-target-four-key-reasons-why-goldman-sachs-expects-stock-to-rise-20000505.htm)
- 2026-09-26 — The Hindu: **Invesco India Largecap Fund Review: Performance, Portfolio and Risks** — Invesco India Largecap Fund combines strong rolling returns, active portfolio calls and efficient risk-taking. Here is what investors should know — [Source](https://www.thehindubusinessline.com/portfolio/invesco-india-largecap-fund-review-performance-portfolio-risk/article71499416.ece)
- 2026-09-26 — Economic Times: **Bot’s That? You’re Buying What You had Your AI On?** — Indias digital commerce companies are gearing up for swarms of personal artificial intelligence (AI) assistants that are set to increasingly handle online shopping decisions and transactions on behalf of consumers. — [Source](https://economictimes.indiatimes.com/epaper/delhicapital/2026/sep/26/satet-front/bots-that-youre-buying-what-you-had-your-ai-on/articleshow/134492434.cms)
- 2026-09-26 — Economic Times: **FDI equity inflows rise 6% to $20 billion in Q1; US contribution drops, Japan tops** — Foreign direct investment equity inflows into India rose by 6% to nearly $19.81 billion in the first quarter. Japan emerged as the top investor while inflows from the US significantly decreased to $1.34 billion. The services sector received the highest investment, attracting around $7 billion during this period. Growing interest in AI personal assistants is prompting Indian tech companies to adjust their strategies accordingly. — [Source](https://economictimes.indiatimes.com/markets/forex/forex-news/fdi-equity-inflows-rise-6-to-20-billion-in-q1-us-contribution-drops-japan-tops/articleshow/134497120.cms)
- 2026-09-26 — Economic Times: **Bot’s That? You’re Buying What You had Your AI On?** — Indias digital commerce companies are gearing up for swarms of personal artificial intelligence (AI) assistants that are set to increasingly handle online shopping decisions and transactions on behalf of consumers. — [Source](https://economictimes.indiatimes.com/satet-front/bots-that-youre-buying-what-you-had-your-ai-on/articleshow/134492434.cms)
- 2026-09-25 — BUSINESSTODAY: **Sensex, Nifty extend losing streak to seventh week, longest ever; what's next?** — Sensex, Nifty, stock market, Indian stock market, share market, Nifty 50, BSE Sensex, weekly market performance, seven-week losing streak, longest losing streak, Friday market, realty stocks, auto stocks, FMCG stocks, IT stocks, midcap stocks, smallcap stocks, foreign fund outflows, crude oil prices, global yields, Nifty outlook, market outlook — [Source](https://www.businesstoday.in/markets/stocks/story/sensex-nifty-extend-losing-streak-to-seventh-week-longest-ever-whats-next-557889-2026-09-25)
- 2026-09-24 — Mint: **Amazon plans to invest ₹25,000 crore in India's quick-commerce sector, but can it catch up to Blinkit, Zepto and Swiggy? | Company Business News** — Amazon plans to invest $3 billion in its India quick-commerce business by 2030, aiming to increase its market presence. Currently, Amazon holds a 6.2% market share, competing against rivals like Swiggy and Blinkit, which dominate with 77% of the sector. — [Source](https://www.livemint.com/companies/news/amazon-plans-to-invest-25-000-crore-in-indias-quick-commerce-sector-but-can-it-catch-up-to-blinkit-zepto-and-swiggy-11790254959528.html)
- 2026-09-24 — MONEYCONTROL: **Amazon bets $3 billion on India's fast-delivery boom: Report** — amazon, amazon now, quick commerce, zepto, blinkit, fast delivery, quick delivery sector, flipkart, walmart — [Source](https://www.moneycontrol.com/news/business/companies/amazon-bets-3-billion-on-india-s-fast-delivery-boom-report-14037363.html)
- 2026-09-23 — Mint: **Advertising margin holds the key to Meesho’s profitability** — While logistics margin expansion can bring Meesho to Ebitda breakeven, scaling ad monetization will be the key driver of actual profitability and further upside for the stock. — [Source](https://www.livemint.com/market/mark-to-market/advertising-margin-holds-the-key-to-meesho-s-profitability-11790152742587.html)
- 2026-09-23 — MONEYCONTROL: **Block deals: New-age stock worth over Rs 67,000 crore sold in 2026, Lenskart accounts for over 25%** — new-age startups, block deals, startup IPOs, Lenskart, Groww, Paytm, venture capital exits, VC exits, VC block deals, startup block deals — [Source](https://www.moneycontrol.com/news/business/startup/block-deals-new-age-stock-worth-over-rs-67-000-crore-sold-in-2026-lenskart-accounts-for-over-25-14036185.html)
- 2026-09-23 — Mint: **Raja Venkatraman recommends three stocks for 23 September** — Market expert Raja Venkatraman shares his top stock picks for 23 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-23-september-11790090181176.html)
- 2026-09-22 — MONEYCONTROL: **Taking Stock: Market snaps 4-day winning streak; Nifty below 23,350, Sensex down 330 pts** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-market-snaps-4-day-winning-streak-nifty-below-23-350-sensex-down-330-pts-14035361.html)

## Business profile

**Strategic vision:** Technology and e-commerce company focused on food and quick-commerce.

### Business segments
- **Zomato:** The flagship consumer application for searching restaurants, reading user reviews, ordering food for home delivery, and booking dining tables.
- **Blinkit:** A B2C instant-delivery marketplace providing groceries, fresh produce, electronic accessories, beauty products, and home essentials within minutes.
- **Hyperpure:** A B2B platform that supplies ingredients, packaging, dairy, and kitchen supplies to restaurant owners and grocery fulfillment centers.
- **District:** The group's platform for booking concert tickets, movies, sporting events, and managing local recreational bookings.

### Competitive strengths
- Integrated holding ecosystem connecting consumer brands with consolidated backend supply chain infrastructure.
- Direct sourcing of raw materials by Hyperpure eliminates intermediaries and ensures quality control.
- Leveraging merchant relationships from food delivery to cross-sell B2B supply agreements.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/eternal
Markdown representation: https://faxioms.com/stocks/eternal?render=md