Eternal Ltd , the parent company of popular brands Zomato and Blinkit, is set to release its quarterly results for Q2FY26 on October 16, 2025. The company's Board of Directors will convene to review and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

Key Highlights

• Board meeting scheduled for October 16, 2025
• Earnings call at 5:00 PM IST on the same day
• Q2FY26 and H1FY26 results to be announced
• Stock recently hit a 52-week high of Rs 352.00

Financial Performance and Stock Movement

Eternal Ltd, which houses major brands such as Zomato, Blinkit, District, and Hyperpure, has seen significant stock price appreciation recently. The company's share price has shown robust performance, with a 2.81% increase in the past five trading sessions and an impressive 56.14% surge over the last six months.

However, the previous quarter's results fell short of analyst expectations:

The substantial difference between the actual results and analyst estimates highlights the volatility and challenges in the sector.

Upcoming Earnings Call

Investors and analysts interested in participating in the earnings call can pre-register using the link provided by the company. The call is scheduled for 5:00 PM IST on October 16, 2025. For those unable to attend, Eternal Ltd has announced that the transcript and audio recording of the call will be made available on the company's investor relations website.

Market Expectations

Given the recent stock performance and the previous quarter's results, market participants will be keenly watching Eternal Ltd's Q2FY26 numbers. Key areas of focus are likely to include:

1. Revenue growth across its portfolio brands
2. Profitability metrics, especially given the previous quarter's underperformance
3. Updates on strategic initiatives and market expansion plans
4. Guidance for the second half of FY26

As Eternal Ltd continues to navigate the competitive landscape of food delivery and quick commerce, these results will provide crucial insights into the company's operational efficiency and growth trajectory.

Investors and analysts alike will be eager to see if the company can align its financial performance with the positive sentiment reflected in its recent stock price movements.

Shares of food delivery giants Eternal and Swiggy surged as Citi raised target prices for both companies, citing strong growth prospects in the quick-commerce sector.

Stock Performance

Citi's Revised Target Prices

Growth Projections for Eternal

• Blinkit Quick-Commerce GOV Growth:
  • FY26: 123%
  • FY27: 57%
• Adjusted EBITDA: Expected to break even in Q3 FY26

Swiggy's Performance Highlights

• Food Delivery GOV: Up 19% year-on-year
• Quick-Commerce GOV: Surged 106% year-on-year
• Overall Revenue: Increased 64% year-on-year
• Adjusted EBITDA Losses: Narrowed to 2760.00 crore

Citi's bullish stance on both Eternal and Swiggy stems from the robust growth observed in their quick-commerce segments. For Eternal, the brokerage has maintained a 'buy' rating while significantly increasing its target price from 320.00 to 395.00. This optimism is primarily driven by the strong growth momentum of Blinkit, Eternal's quick-commerce arm.

Eternal's shares responded positively to the news, climbing 1.70% to hit a 52-week high of 347.50. The brokerage expects Eternal's quick-commerce gross order value (GOV) to grow by an impressive 123% in FY26 and 57% in FY27. Additionally, Citi anticipates Eternal's adjusted EBITDA margin to break even in the third quarter of FY26, marking a significant milestone for the company's profitability.

Swiggy, not to be outdone, saw its shares jump nearly 4.00% to 435.95 following Citi's revised target price of 495.00, up from the previous 465.00. The company's performance has been noteworthy, with its food delivery GOV increasing by 19% year-on-year. However, it's the quick-commerce segment that has truly shone, with GOV surging by 106% compared to the previous year.

Swiggy's overall revenue growth of 64% year-on-year further underscores its strong market position. The company has also made strides in improving its profitability, with adjusted EBITDA losses narrowing to 2760.00 crore. Citi's analysis suggests that Swiggy's quick-commerce unit is on the brink of breaking even, potentially achieving this milestone within the next one to three quarters.

The positive outlook for both Eternal and Swiggy reflects the growing importance of the quick-commerce sector in the food delivery industry. As consumer preferences continue to evolve towards faster and more convenient delivery options, companies that can effectively capitalize on this trend are likely to see sustained growth and improved financial performance.

Investors and market watchers will be keen to observe how these projections play out in the coming quarters, particularly in light of the competitive landscape and evolving market dynamics in the food delivery and quick-commerce sectors.