Latest news about Eternal
Kotak Securities Issues Buy Rating for Eternal with Target Price of Rs 375
Zomato Raises Food Delivery Fee to ₹14.90 From ₹12.50 Per Order
Eternal
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More news about Eternal
13Mar 26
UBS Maintains Buy Rating on Eternal with ₹375 Target Price Amid Strong Food-Delivery Growth
UBS Group AG maintains its Buy rating on Eternal with a ₹375 target price, citing strong industry food-delivery volume growth of approximately 20-21% year-on-year projected for February 2026. The company has maintained stable market share in Q4, though potential volume impacts are expected in March-April due to cooking gas shortages.
26Feb 26
Eternal Records Major Block Trade Worth ₹2,443.2 Crore on BSE
Eternal has executed a major block trade on BSE worth ₹2,443.2 crore involving approximately 98.89 million shares at ₹247.05 per share. This substantial institutional transaction reflects significant market activity and provides insights into large investor sentiment towards the company's stock.
11Feb 26
Eternal Limited Launches AI-Powered Hotline for Delivery Partner Onboarding
Eternal Limited has confirmed the launch of an AI-powered hotline to streamline delivery partner onboarding, responding to BSE's inquiry about the initiative. The company clarified on February 11, 2026, that this technological enhancement aims to make the onboarding process more convenient and hassle-free for delivery partners. Management emphasized that this represents a routine business improvement that does not require regulatory disclosure under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
11Feb 26
Eternal Limited Announces Postal Ballot for Independent Director Re-appointments and Vice Chairman Appointment
Eternal Limited has issued a postal ballot notice for shareholder approval via remote e-voting from February 12-March 13, 2026. The company seeks to re-appoint four independent directors for second five-year terms with INR 1,00,00,000 annual remuneration each, plus INR 1,00,000 sitting fees per meeting. Additionally, shareholders will vote on appointing founder Deepinder Goyal as Vice Chairman and Non-Executive Director following his transition from Group CEO role to focus on strategic oversight and governance.
06Feb 26
Deepinder Goyal Steps Down as Eternal Limited CEO, Albinder Dhindsa Named Successor
Deepinder Goyal has resigned as Managing Director and CEO of Eternal Limited (formerly Zomato), effective February 1, 2026, with Albinder Dhindsa taking over as Group CEO. Goyal will transition to Vice Chairman role, subject to shareholder approval, to pursue higher-risk ventures outside the public company framework. All his unvested ESOPs will revert to the company's ESOP pool to benefit future leaders without additional shareholder dilution.
06Feb 26
Eternal Limited Announces Dissolution of Netherlands Step-Down Subsidiary
Eternal Limited (formerly Zomato Limited) has disclosed the dissolution of its step-down subsidiary Zomato Netherlands B.V., effective January 27, 2026. The company received confirmation on February 5, 2026, and informed stock exchanges on February 6, 2026, under SEBI Regulation 30. This follows an earlier intimation from April 9, 2025, indicating the dissolution process had been underway for several months.
22Jan 26
Eternal Leadership Transition May Weigh on Stock Despite Margin Recovery, Warns Analyst
Dharmesh Kant from Cholamandalam Securities warns that Eternal's unexpected leadership transition may trigger stock volatility despite sequential operating margin improvement to 2.3%. The analyst expects negative market reaction to Deepinder Goyal's sudden departure, particularly given its timing during the company's profitability recovery phase. While quick commerce cash burn remains a key concern, Blinkit's EBITDA breakeven provides cautious optimism, though sustainability questions persist amid intense competition.
22Jan 26
Eternal Share Price Surges 7% Following Q3 Results Release
Eternal shares surged over 7% in early trading on Thursday after the company released its Q3 results. The stock reached an intraday peak of ₹304.20 per share on BSE, representing a 7.33% gain, before moderating to ₹290.35 per share by 9:25 AM with a 2.45% increase.
22Jan 26
Eternal Announces Strategic Shift to Inventory Model with 1% Accretion Benefit Expected
Eternal has announced a strategic shift to an inventory-based business model, with management providing specific guidance on expected benefits. The company anticipates realizing a full 1% accretion benefit from this transition within six to nine months. This operational change represents a significant shift in the company's business approach, with management maintaining transparent communication about implementation timelines and expected financial impact.
22Jan 26
Eternal Plans Increased CapEx Per Store for Automation and Larger Formats
Eternal has provided guidance on increased capital expenditure per store for automation investments and larger store formats in coming quarters. The company projects maintaining net working capital days within an 18-day range while targeting ROCE above 40%, reflecting a strategic focus on operational efficiency and technological advancement.
22Jan 26
Eternal Management Targets District Business Breakeven Within Four to Six Quarters
Eternal management has provided guidance indicating that District business losses are expected to decrease sequentially from Q3 FY26, with the company targeting breakeven within four to six quarters. This strategic roadmap reflects management's confidence in improving operational efficiency and achieving profitability in the District business segment.
22Jan 26
Eternal Reaffirms $3 Billion NOV Guidance for District Business by FY30
Eternal has reaffirmed its $3 billion NOV guidance for the District business by FY30, implying over 30% CAGR for the next four years. The ambitious growth trajectory is expected to be driven primarily by market share expansion, with management demonstrating continued confidence in the strategic direction during the recent conference call.
22Jan 26
Eternal Management Confident on Long-Term Quick Commerce Margins Despite Near-Term Uncertainty
Eternal management provided guidance on quick commerce margins during a conference call, indicating near-term unpredictability due to competitive intensity while expressing high confidence in achieving 5-6% NOV margins long-term. The company's outlook reflects strategic focus on sustainable profitability despite current market challenges.
22Jan 26
Eternal Reports Strong Q3 Results with 57% QoQ Growth in Net Profit
Eternal delivered exceptional Q3 results with consolidated net profit growing 57% QoQ to ₹1.02 billion, meeting analyst estimates. Revenue increased 20% QoQ to ₹163 billion, surpassing estimates of ₹155 billion. EBITDA rose 54% QoQ to ₹3.68 billion, exceeding estimates of ₹3 billion, while EBITDA margin improved to 2.26% from 1.76% QoQ, beating the estimated 1.9%.
21Jan 26
Eternal Limited Reports Compliant QIP Proceeds Utilization for Q3FY26
Eternal Limited has filed its Q3FY26 monitoring report showing compliant utilization of ₹8,436.12 crore QIP proceeds. The company deployed ₹1,528.33 crore during the quarter across dark stores operations, marketing initiatives, technology infrastructure, and corporate purposes. ICRA Limited confirmed no deviations from stated objectives, with remaining funds of ₹3,962.19 crore strategically invested in fixed deposits, government securities, and liquid funds earning 6.02%-8.14% returns.
21Jan 26
Eternal Confident in Managing India's Social Security Code Impact Without Margin Forecast Changes
Eternal has expressed strong confidence in managing the impacts of India's Social Security Code implementation, stating it can handle most effects without requiring changes to long-term margin forecasts across its business operations. The company's position reflects comprehensive preparedness and strategic planning for regulatory compliance while maintaining operational and financial stability.
21Jan 26
Eternal Maintains Target of 3,000 Stores by March 2027, Eyes Further Expansion
Eternal has confirmed it remains on track to achieve 3,000 stores by March 2027 as part of its expansion strategy. The company has also outlined a more ambitious target of 3,500-4,000 stores by the same timeline, contingent on competition moderating in the near term, reflecting its adaptive approach to market conditions.
21Jan 26
Eternal Projects Food Delivery Growth to Gradually Reach 20% Year-over-Year
Eternal has communicated expectations for year-over-year food delivery growth to gradually increase towards 20% over time. The company's projection reflects confidence in the food delivery sector's expansion potential and suggests a measured approach to growth targets. This guidance provides insight into Eternal's strategic outlook for the food delivery market and its anticipated development trajectory.
21Jan 26
Deepinder Goyal Steps Down as Eternal Limited Group CEO, Albinder Dhindsa to Take Over
Eternal Limited founder Deepinder Goyal is stepping down as Group CEO to become Vice Chairman, with Albinder Dhindsa taking over as new Group CEO subject to shareholder approval. Goyal cited his desire to pursue higher-risk ventures outside the public company framework while allowing Eternal to maintain focus on its core business. All of Goyal's unvested ESOPs will revert to the company's ESOP pool to benefit future leaders without additional shareholder dilution.
20Jan 26
Eternal Q3 Earnings Preview: Revenue Expected to Surge 193% YoY Despite Blinkit Losses
Brokerages project Eternal to deliver strong Q3 performance with consolidated revenue expected to surge 193% year-on-year and profit after tax rising 51%, driven primarily by Blinkit's transition to a first-party model. The food delivery segment is expected to show steady 12-18% growth with improving EBITDA margins, while Blinkit remains the key growth driver despite persistent losses of ₹130-140 crore. Analysts will closely monitor competitive dynamics and the path to profitability for newer business segments.
15Jan 26
Eternal Limited Schedules Board Meeting and Earnings Call for Q3FY26 Results on January 21, 2026
Eternal Limited has scheduled its board meeting for January 21, 2026, to approve Q3FY26 unaudited financial results covering the quarter and nine months ended December 31, 2025. The company will also hold an earnings conference call at 5:00 PM IST on the same day, requiring mandatory pre-registration for participants. Transcript and audio recording will be made available on the company website following the call.
15Jan 26
Eternal Limited Schedules Board Meeting and Earnings Call for January 21, 2026 to Discuss Q3FY26 Results
Eternal Limited has scheduled its board meeting for January 21, 2026, to approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The company will also conduct an earnings conference call at 5:00 PM IST on the same day, requiring mandatory pre-registration for participants. The announcement complies with SEBI Regulation 29, with call materials to be made available on the company website post-event.
14Jan 26
Eternal's FII Holding Drops to 36.2% After Seven Consecutive Quarters of Decline
Foreign institutional investor holding in Eternal has declined from 54% in June 2024 to 36.2% by December 2025 over seven consecutive quarters. This reduction follows the company's April 2025 decision to cap foreign ownership at 49.5% to maintain Indian-Owned and Controlled Company status, enabling regulatory flexibility for its quick commerce business Blinkit. Despite the FII decline, Goldman Sachs and Bernstein maintain positive outlooks with target prices of ₹375 and ₹370 respectively, citing strong fundamentals and Blinkit's market leadership position.
13Jan 26
Eternal Clarifies No Change in Blinkit Business Model After Removal of 10-Minute Delivery Branding
Eternal Ltd. clarified that Blinkit's business model remains unchanged despite removing 10-minute delivery branding following Labour Ministry directive on gig worker safety. The company revised its tagline from '10,000+ products delivered in 10 minutes' to '30,000+ products delivered at your doorstep' but emphasized no material impact on operations. Eternal shares gained 3.20% to ₹294.55, outperforming the Nifty 50.
13Jan 26
Eternal Limited Clarifies No Material Impact from Blinkit Delivery Reports Following BSE Query
Eternal Limited issued a clarification to BSE Limited on January 13, 2026, regarding news reports about Blinkit's delivery model changes. The company confirmed no material developments warrant disclosure under SEBI regulations and emphasized no business model changes in Blinkit that could impact the company. Company Secretary Sandhya Sethia signed the response, noting no sharp share price movements following the news publication.
13Jan 26
Eternal Shares Rise 3% as Foreign Room Crosses 25% Threshold, Enabling Full MSCI Weight Eligibility
Eternal Ltd shares rose 3% to ₹294.63 after foreign shareholding crossed the 25% threshold, making it eligible for full MSCI weight. The development could trigger passive inflows of $390 million if implemented in February's review. Despite recent GST demands of ₹27.56 crore, analysts maintain strong buy ratings with a consensus target of ₹379.16, implying 29.5% upside potential.
13Jan 26
Eternal Shares Jump 4% on Increased Hopes for Higher MSCI Weightage
Eternal shares jumped over 4% to ₹297.30 on January 13 following news of increased foreign headroom above 25% in the latest shareholding pattern. The stock currently has half weight in MSCI index but may become eligible for full weightage, potentially resulting in $390 million passive inflows during February MSCI review. Despite recent volatility, the stock gained 8% over the past month and emerged as top gainer on Sensex and Nifty with market cap of ₹2.83 lakh crore.
13Jan 26
Eternal Shares Jump 4% on Hopes of Increased MSCI Weightage Following Foreign Headroom Expansion
Eternal Ltd shares surged 4% on Tuesday, January 13, for the fifth straight session after shareholding patterns showed foreign headroom increased above 25%, making the stock eligible for full MSCI weightage. This potential upgrade could trigger $390 million in passive inflows during the February MSCI review. Despite a 30% decline from record highs due to quick commerce profitability concerns, analysts remain bullish with 29 out of 33 maintaining buy ratings and price targets up to ₹400.
13Jan 26
Eternal Achieves MSCI Eligibility as Foreign Ownership Crosses 25% Threshold
Eternal has crossed the 25% foreign ownership threshold, achieving eligibility for full MSCI weight in the February review. This milestone could potentially attract around $390 million in passive investments, representing a major boost for the company's international market presence and institutional investor accessibility.
12Jan 26
Goldman Sachs Sets ₹375 Target Price for Eternal Despite 1,460x PE Ratio
Goldman Sachs has initiated a 'Buy' rating on Eternal Ltd with a ₹375 target price, representing 32% upside potential despite the company's extreme PE ratio of 1,460x. The brokerage cites strong fundamentals in quick commerce with only 5% market penetration and significant growth runway. Eternal reported robust Q2 FY26 results with sales of ₹13,590 crore and maintains 45% market share in quick commerce through Blinkit, with plans to expand to 2,100 stores and achieve EBITDA breakeven by early FY27.
12Jan 26
Eternal Records ₹110.48 Crore Block Trade on NSE at ₹282.90 Per Share
Eternal recorded a significant block trade on NSE worth ₹110.48 crores involving approximately 39.05 lakh shares at ₹282.90 per share. The transaction indicates substantial institutional activity and represents a notable large-volume trade executed outside regular market mechanisms. Such block trades typically involve institutional investors and suggest strategic portfolio moves or rebalancing activities by large market participants.
09Jan 26
Eternal Shares Rise 3% After Goldman Sachs Reiterates Buy Rating Despite Market Bearishness
Eternal shares rose 3.3% to ₹292.90 on Friday, marking three consecutive sessions of gains after Goldman Sachs reiterated its buy rating while trimming the price target to ₹375 from ₹390. Despite the recent rally, the stock has declined 17% over three months compared to benchmark indices' 3% gain, with Goldman Sachs attributing the sell-off to concerns over competition and quick commerce slowdown expectations.
09Jan 26
Eternal Share Price Rises 3.3% Following Block Deal Activity, Faces GST Demand Notice
Eternal Ltd shares gained up to 3.3% to ₹292.90 following a block deal of 5.3 million shares, reaching the highest level since December 16, 2025. Morgan Stanley expects slower quick commerce momentum with 16% QoQ growth and estimated losses of ₹1,400 crore for the December quarter, though maintains preference for Eternal over competitors. The company faces a ₹3.69 crore GST demand notice for alleged short payment during April 2019-March 2020. Despite challenges, 29 out of 33 analysts maintain 'buy' ratings with consensus price targets implying 29.8% upside potential.
09Jan 26
Eternal Materials Executes ₹153.85 Crore Block Trade on NSE
Eternal Materials executed a major block trade on NSE worth ₹153.85 crores, involving 52.99 lakh shares at ₹290.30 per share. The transaction represents significant institutional trading activity and provides insight into the company's institutional valuation. Block trades typically involve large investors and are executed to minimize market disruption while facilitating substantial volume transactions.
09Jan 26
Eternal Receives GST Demand Orders Worth Over ₹27.56 Crore Including Interest and Penalty
Eternal, parent company of Zomato and Blinkit, received two GST demand orders worth ₹27.56 crore from West Bengal tax authorities for alleged short payment during April 2020-March 2022. The demand includes ₹16.72 crore in GST, ₹9.16 crore interest, and ₹1.67 crore penalty. The company maintains strong legal grounds and will appeal the orders.
09Jan 26
Goldman Sachs Maintains Buy Rating on Eternal, Cuts Target Price to ₹375
Goldman Sachs has maintained its Buy rating on Eternal while reducing the target price from ₹390 to ₹375. The ₹15 downward revision reflects updated valuation expectations, though the sustained Buy recommendation indicates continued confidence in the pharmaceutical company's investment potential.
08Jan 26
Eternal Limited Receives GST Demand Orders Worth ₹16.72 Crores from West Bengal Tax Authorities
Eternal Limited disclosed receiving GST demand orders worth ₹16.72 crores from West Bengal tax authorities on January 8, 2026, covering April 2020-March 2022 period for alleged short payment of output tax. The total liability including interest of ₹9.16 crores and penalties of ₹1.67 crores amounts to ₹27.55 crores. The company maintains confidence in its legal position and plans to file appeals against both orders.
08Jan 26
Eternal Limited Executes ₹212.13 Crore Block Trade on NSE
Eternal Limited executed a major block trade on NSE involving 74.14 lakh shares at ₹286.10 per share, totaling ₹212.13 crores. The transaction represents significant institutional activity and demonstrates substantial investor interest in the company's stock through large-volume trading outside regular market hours.
07Jan 26
Eternal slides 32% from peak: Stock faces correction after 520% rally
Eternal Limited's shares have corrected 32% from their lifetime high of ₹368.45, ending a remarkable 520% rally over three years. Despite strong Q2 FY26 revenue growth of 183% to ₹13,590 crore driven by Blinkit's 755% surge, net profit declined 63% to ₹65 crore. The stock ended flat in 2025 after profit booking, with analysts projecting continued revenue momentum but profitability challenges ahead.
07Jan 26
Eternal Limited Records ₹39.17 Crore Block Trade on NSE at ₹280.50 Per Share
Eternal Limited recorded a significant block trade on NSE worth ₹39.17 crores involving approximately 1,396,535 shares at ₹280.50 per share. The substantial transaction indicates notable institutional activity and demonstrates strong market interest in the stock at current price levels.
06Jan 26
Eternal Limited Sees ₹118.62 Crore Block Trade on NSE at ₹280.35 Per Share
Eternal Limited recorded a major block trade on NSE worth ₹118.62 crores involving approximately 42.31 lakh shares at ₹280.35 per share. The substantial transaction indicates significant institutional investor activity and demonstrates strong liquidity in the stock. Block trades of this magnitude typically reflect strategic portfolio decisions by large market participants.
05Jan 26
Eternal Limited Records ₹116.8 Crore Block Trade on NSE at ₹281 Per Share
Eternal Limited recorded a significant block trade on NSE worth ₹116.8 crores involving approximately 4,156,712 shares at ₹281 per share. The transaction highlights substantial institutional activity and demonstrates strong liquidity in the stock. Such large-volume block trades typically indicate strategic investment decisions by institutional players and reflect robust market participation in the company's shares.
01Jan 26
Eternal Limited Approves Grant of 4.29 Crore Stock Options Under Multiple ESOP Schemes
Eternal Limited approved 42,901,017 stock options on January 1, 2026, distributed across three ESOP schemes with the largest allocation of 35 million options under ESOP 2024. The options are priced at ₹1 each and convertible to equity shares, covering 43,028,298 shares including corporate action adjustments. Exercise periods range from 10 years to 12 years depending on the scheme, with no lock-in restrictions on resulting shares.
18Dec 25
Eternal Limited Completes CSR Subsidiary Incorporation Following Q2 FY2026 Growth
Eternal Limited has successfully incorporated its wholly-owned CSR subsidiary, Eternal General Service Foundation, receiving official certification on December 18, 2025. This development follows the company's impressive Q2 FY2026 performance showing 183% revenue growth to ₹13,590 crores, driven primarily by its quick commerce segment contributing ₹9,891 crores in revenue, though profitability declined to ₹65 crores from ₹176 crores in the previous year.
17Dec 25
Jefferies Sets Buy Rating on Eternal with ₹480 Target
Global brokerage firm Jefferies has maintained a Buy rating on Eternal Limited, setting a price target of ₹480 per share. Eternal Limited, a large-cap company in the E-Commerce/App based Aggregator sector, has a market capitalization of ₹290,234.00 crores. The positive assessment from Jefferies suggests confidence in Eternal's business fundamentals and growth prospects.
10Dec 25
Eternal Limited Achieves ESG Rating of 77 in Leader Category for FY2025
Eternal Limited has received an ESG rating of 77 from NSE Sustainability Ratings & Analytics Limited for FY2025, earning a 'Leader' category classification. The rating was communicated via email on December 9, 2025, and disclosed to stock exchanges in compliance with SEBI regulations. This achievement reflects the company's strong performance in environmental, social, and governance parameters.
22Nov 25
Eternal Limited Voluntarily Discloses Stance on Code on Social Security 2020
Eternal Limited (formerly Zomato) has issued a voluntary statement on the Code on Social Security 2020, a labor reform for gig workers in India. The company welcomes the nationwide framework, stating it already provides comprehensive benefits to gig workers. Eternal Limited doesn't expect significant financial impact from the changes and has been planning for social security contributions. While the Code has been passed, the exact implementation details are pending as the Rules are yet to be notified.
14Nov 25
Zomato Sees Massive Block Trade Worth Rs. 256.15 Crores on NSE
A significant block trade of 8,538,441 Zomato Ltd shares occurred on the National Stock Exchange at Rs. 300.00 per share, totaling Rs. 256.15 crores. This large-scale transaction, potentially involving institutional investors, could impact market sentiment towards the food delivery company. The trade's effect on Zomato's stock price and shareholding pattern will be closely monitored by market participants.
12Nov 25
Zomato Shares Worth Rs. 279.25 Crores Change Hands in Significant NSE Block Deals
Two significant block trades of Eternal's shares were executed on the NSE, totaling approximately 9 million shares worth Rs. 279.25 crores. The first deal involved 2,494,135 shares at Rs. 310.60 per share, while the second larger deal comprised 6,512,173 shares at Rs. 309.85 per share. These transactions suggest substantial institutional interest in the food delivery platform's stock.
07Nov 25
Zomato Shares: Block Trade Worth Rs. 91.80 Crores Executed on NSE
A significant block trade of approximately 3,006,425 Eternal shares was executed on the National Stock Exchange (NSE) at Rs. 305.35 per share. The total transaction value amounted to Rs. 91.80 crores. This trade highlights ongoing institutional interest in Eternal since its 2021 IPO. While the parties involved remain undisclosed, such large-scale trades typically involve major institutional investors and can potentially influence market sentiment.
24Oct 25
Zomato Shares See Block Trade Worth Rs. 55.50 Crores on NSE
Eternal, previously known as Zomato, experienced a significant block trade on the National Stock Exchange. The transaction involved 1,694,177 shares at Rs. 327.60 per share, totaling Rs. 55.50 crores. This block trade represents only a fraction of Eternal's total outstanding shares and may not necessarily indicate a change in the company's fundamentals.
23Oct 25
Eternal Limited Reports Strong Q2FY26 Results with 137% Growth in Quick Commerce
Eternal Limited's quick commerce business, Blinkit, saw a 137% year-over-year increase in Net Order Value. The company plans to expand from 1,800 to 2,100 stores by December 2025, with a goal of 3,000 stores by March 2027. Marketing spend for Blinkit increased 4x year-over-year and 40% quarter-over-quarter. Eternal has transitioned 80% of Blinkit to an inventory-led model, resulting in a 300 basis point expansion in gross margins. The food delivery segment grew by 14%. The company remains optimistic about future growth, particularly in quick commerce.
22Oct 25
Eternal Limited Faces ₹128.34 Crore GST Demand and Penalty from Uttar Pradesh Tax Authority
Eternal Limited received a GST demand order from Uttar Pradesh tax authorities for ₹128.34 crore, including a ₹64.17 crore tax demand and an equal penalty. The order, issued by the Deputy Commissioner, State Tax, Lucknow, alleges short payment of output tax and excess input tax credit availment for FY 2023-2024. Eternal Limited plans to appeal the order, believing it has a strong case on merits and anticipates no financial impact.
19Oct 25
Eternal Ltd. Faces Rs 128 Crore GST Demand from UP Tax Authorities
Eternal Ltd., parent company of Zomato and Blinkit, received a GST demand order of Rs 128.34 crore from Uttar Pradesh tax authorities. The order includes Rs 64.17 crore in GST demand and an equal amount in penalties for the period April 2023 to March 2024. Eternal plans to appeal the order, stating it has a strong case on merits. The company disclosed this information to stock exchanges in compliance with SEBI regulations.
17Oct 25
Eternal Ltd's Q2 Revenue Surges, Profitability Declines Amid Expansion
Eternal Ltd, formerly Zomato, reported Q2 results with consolidated revenue up threefold to Rs 13,590.00 crore, beating estimates. However, net profit fell 63% to Rs 65.00 crore. Quick commerce segment Blinkit grew 756.00% YoY, while food delivery rose 23.00%. The company added 272 new dark stores, totaling 1,816. EBITDA margins compressed to 1.8% from 4.7% last year. Analysts' opinions are divided, with some maintaining Buy ratings and others expressing concerns over profitability and valuation.
16Oct 25
Eternal Reports No Deviation in Rs 8,436 Crore QIP Proceeds Utilization and Announces Bistro by Blinkit Business Transfer
Eternal (formerly Zomato) has reported no deviation in the utilization of Rs 8,436.12 crore QIP proceeds as per the monitoring agency report. Funds are allocated for dark stores, marketing, technology, and corporate purposes. Rs 2,945.61 crore has been utilized, with the remainder invested in various instruments. Separately, Eternal announced the transfer of Bistro by Blinkit business from BCPL to BFL for INR 57 crores as part of internal restructuring.
16Oct 25
Eternal Faces Headwinds Despite Strong Growth in Quick Commerce and Food Delivery, Takes Wait-and-Watch Approach on Budget App
Eternal Limited, formerly Zomato, reported significant improvements across multiple business segments, particularly in quick commerce with 137% year-over-year growth. Food delivery grew 14% year-over-year with record 5.3% profitability. The company reduced quarterly losses to INR 156.00 crore and improved adjusted EBITDA margin to -1.3%. However, Eternal faces challenges including weaker consumer spending and increased competition. The company decided against launching a separate budget-focused food delivery app, instead reducing the minimum order value for free delivery to Rs 99 for Zomato Gold users.
15Oct 25
Zomato's Parent Eternal Eyes 137% Revenue Surge, Profit Squeeze in Q2
Eternal, Zomato's parent company, is expected to report up to 137% year-on-year revenue growth in Q2, driven by strong performance from its quick commerce platform Blinkit. However, profit after tax may decline by up to 71% year-on-year. Food delivery segment projects 17% growth in gross order value, while Blinkit estimates 24% quarter-on-quarter growth. Profitability faces challenges due to elevated costs, increased rider incentives, and higher marketing expenses. Analysts express concerns about sustainability amid intensifying competition from Zepto, Amazon, and JioMart in the quick commerce space.
14Oct 25
Zomato Teams Up with Indian Government to Boost Gig Economy
Eternal, a leading food delivery platform in India, has partnered with the Indian government to create 20,000 gig jobs monthly through the National Career Service Portal. This collaboration aims to connect job seekers with gig economy opportunities, supporting Eternal's expansion while addressing employment challenges. The initiative provides easy access to gig work, integrates with a government-backed job portal, and offers potential for flexible working arrangements.
14Oct 25
Eternal Ltd to Announce Q2FY26 Results on October 16; Stock Hits 52-Week High
Eternal Ltd, parent company of Zomato and Blinkit, will release Q2FY26 and H1FY26 results on October 16, 2025. The Board meeting is scheduled for the same day, followed by an earnings call at 5:00 PM IST. The company's stock recently hit a 52-week high of Rs 352.00, showing a 56.14% increase over six months. However, Q1FY26 results fell short of analyst expectations with a consolidated net profit of Rs 25.00 crore against an estimated Rs 106.80 crore. Investors will focus on revenue growth, profitability metrics, strategic initiatives, and future guidance.
09Oct 25
Eternal and Swiggy Shares Rally on Citi's Upbeat Quick-Commerce Growth Outlook
Shares of food delivery companies Eternal and Swiggy rose as Citi increased target prices for both, citing strong growth in quick-commerce. Eternal's stock climbed 1.70% to 347.50, a 52-week high, with Citi raising its target from 320.00 to 395.00. Swiggy's shares jumped 4.00% to 435.95, with a new target of 495.00. Citi projects significant growth for Eternal's Blinkit quick-commerce GOV and expects Swiggy's quick-commerce unit to approach break-even soon. Both companies showed strong year-on-year growth in revenue and GOV, particularly in their quick-commerce segments.
03Oct 25
Goldman Sachs Offloads Rs 355 Crore Eternal Shares in Block Deal
Goldman Sachs sold over 1 crore Eternal shares to BofA Securities for Rs 355.32 crore at Rs 329 per share. Eternal's stock closed at Rs 328.20, down 0.24%. The company's market cap is Rs 3.16 lakh crore. Q2 results showed 70% revenue growth to Rs 7,167 crore, but net profit fell 90% to Rs 25 crore due to investments in quick commerce. Blinkit, Eternal's quick commerce segment, saw 125% year-on-year growth in net order value, outpacing competitor Swiggy's Instamart.
25Sept 25
Eternal Limited's Subsidiary Blink Commerce Sees Trademark Lawsuit Dismissed
Eternal Limited announced that a lawsuit against its subsidiary, Blink Commerce Private Limited (BCPL), has been dismissed. The plaintiffs withdrew the suit, which sought to restrict BCPL from infringing on registered trademarks. The dismissal was confirmed through the e-courts portal on September 25, 2025. This development follows the company's initial disclosure of the legal matter on August 3, 2023. The announcement was made in compliance with SEBI regulations.
25Sept 25
Air India and Zomato Forge Strategic Partnership
Eternal, India's national carrier, and Zomato, a leading food delivery platform, have formed a strategic partnership. While specific details remain undisclosed, the collaboration could potentially reshape in-flight dining and explore synergies between aviation and food delivery sectors. This partnership may enhance Eternal's dining offerings and expand Zomato's reach into the aviation market, setting a precedent for cross-industry collaborations.
22Sept 25
Eternal Shares Soar to Record High, Market Cap Surpasses Rs 3.26 Lakh Crore
Eternal Ltd.'s shares reached a new record high, surging 70% from their 52-week low and 325% above the IPO price. The company's market cap has grown to Rs 3.26 lakh crore, surpassing Titan and Tata Motors. Out of 33 analysts, 29 maintain 'buy' ratings with price targets up to Rs 420. Blinkit, Eternal's quick commerce business, showed 140% year-on-year growth, while the food delivery segment growth slowed to 16%. The company reported Q1 treasury income of Rs 235 crore, exceeding its adjusted EBITDA of Rs 172 crore. Management expects 15-20% growth in food delivery and plans to expand Blinkit to 3,000 stores.
18Sept 25
Eternal Ltd's Market Cap Soars to Rs 3.26 Lakh Crore, Outpacing Major Companies
Eternal Ltd, parent company of Zomato and Blinkit, has seen its market capitalization rise to Rs 3.26 lakh crore. The company's stock closed at Rs 337.90 on BSE, up 2.96%, hitting a 52-week high of Rs 338.65. The stock has gained 5.11% over four trading days and provided a 21.54% return to investors. Eternal Ltd now ranks 22nd among the top 100 companies by market cap, surpassing several major firms including Hindustan Aeronautics, Titan Company, and Avenue Supermarts.
16Sept 25
Eternal Surpasses Tata Motors and Titan in Market Cap, Enters Nifty50 Top 25
Eternal, formerly Zomato, has reached a market capitalization of Rs 3.13 lakh crore, surpassing Tata Motors (Rs 2.64 lakh crore) and Titan (Rs 3.12 lakh crore). This milestone places Eternal among the top 25 Nifty50 stocks, outranking companies like Adani Ports, ONGC, and Bharat Electronics. The company's stock has shown strong performance, with a 72% increase from its 52-week low and 61.37% growth in the last six months. Blinkit, Eternal's quick commerce arm, is credited as a key driver of this growth.
15Sept 25
Amazon's Quick Commerce Expansion Unlikely to Dethrone Blinkit and Swiggy
Amazon has expanded its 10-minute delivery service, Amazon Now, to Mumbai after successful pilots in Bengaluru and Delhi, operating about 100 dark stores across these cities. Despite 25% month-on-month order growth and increased Prime member engagement, analysts remain skeptical about Amazon's ability to disrupt market leaders. Blinkit and Swiggy maintain significant advantages with 1,544 and 1,062 dark stores respectively, compared to Amazon's 100. Analysts cite execution challenges, first-mover advantages, and established logistics networks as factors favoring incumbents. Blinkit aims for adjusted EBITDA breakeven by Q4 FY26 and targets 2,000 stores by December 2025. Zomato shares rose 1% to Rs 325.00, while Swiggy's valuation increased with shares up 2% to Rs 427.00.
02Sept 25
Zomato Hikes Platform Fee by 20% on Food Delivery Orders
Eternal, a leading Indian food delivery platform, has increased its platform fee from ₹10.00 to ₹12.00, representing a 20% hike. This ₹2.00 increase per order is expected to impact customer costs and potentially influence the company's revenue. The move reflects the ongoing challenges in the food delivery sector as companies balance profitability with customer satisfaction. The industry will be watching closely to see how this affects customer behavior and whether competitors will adjust their pricing strategies in response.
29Aug 25
Zomato Shares Worth Rs. 15.74 Crores Traded in NSE Block Deal
A block trade of 508,355 shares of Eternal, a popular food delivery platform, occurred on the National Stock Exchange (NSE). The shares were traded at Rs. 309.65 per share, totaling a transaction value of Rs. 15.74 crores. While the identities of the buyer and seller remain undisclosed, the size of the trade suggests potential institutional or high-net-worth individual involvement. This transaction highlights ongoing investor interest in Eternal's stock and its position in India's competitive food-tech sector.
26Aug 25
Eternal Ltd. Faces Over Rs 40 Crore GST Demand, Plans to Appeal
Eternal Ltd., parent company of Zomato and Blinkit, received GST orders totaling over Rs 40 crore for July 2017 to March 2020. The demand includes Rs 17.19 crore in GST, Rs 21.42 crore in interest, and Rs 1.72 crore in penalties. Violations cited include short payment of output tax and excess input tax credit availment. Eternal plans to appeal, believing it has a strong case and expects no financial impact.
22Aug 25
Eternal Expands 10-Minute Food Delivery with New Subsidiary Blinkit Foods
Eternal Limited, formerly Zomato, has established a new subsidiary, Blinkit Foods Limited, to expand its 10-minute food delivery service under the Bistro brand. The company is currently operating 38 Bistro kitchens in Bengaluru and Delhi-NCR. CEO Deepinder Goyal reported positive early demand trends but emphasized the need to refine the business model for profitability. The market responded with a slight dip, as Eternal's shares closed 1.50% lower at Rs 321.65 on the BSE. Additionally, Eternal held its 15th AGM, passing resolutions for auditor appointments and director re-appointment.
21Aug 25
Eternal Co Establishes Wholly-Owned Subsidiary Blinkit Foods Limited
Eternal Limited, formerly Zomato Limited, has incorporated a new wholly-owned subsidiary, Blinkit Foods Limited, on August 18, 2025. The subsidiary received its incorporation certificate on August 21, 2025, with CIN: U47222DL2025PLC453320, PAN: AANCB8469J, and TAN: DELB30942C. This move suggests a potential expansion in food-related operations, possibly focusing on quick commerce or rapid food delivery services.
19Aug 25
Eternal Limited Faces ₹14.76 Crore GST Demand and Penalty for FY 2020-21
Eternal Limited, formerly Zomato Limited, received a GST demand order of ₹14.76 crore plus an equal penalty from Uttar Pradesh tax authorities for the 2020-21 financial year. The order alleges short payment of tax collected at source and output tax. Eternal plans to appeal, stating it has a strong case and expects no financial impact.
19Aug 25
Zomato Shares Worth Rs. 63.44 Crores Traded in NSE Block Deal
A significant block trade of approximately 2,009,860 shares of Eternal, a popular food delivery platform, occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 63.44 crores, with shares priced at Rs. 315.65 each. This substantial deal has drawn attention from market observers, potentially indicating significant interest from institutional investors or large shareholders. The transaction's impact on Eternal's stock performance and market dynamics will be closely monitored in the coming days.
11Aug 25
Blinkit CEO Leads Rs 419 Crore Employee Stock Option Exercise at Eternal
Over 140 executives at Eternal exercised employee stock options (ESOPs) worth Rs 419 crore on July 29-30. Blinkit CEO Albinder Dhindsa led the exercise, converting options for 7 million shares valued at Rs 214.51 crore. 31 other executives converted options worth over Rs 1 crore each, with nearly half from Blinkit. Eternal's stock closed at Rs 300.80, valuing the company at Rs 2.90 lakh crore. Blinkit's Gross Order Value grew 140% year-on-year to Rs 11,821 crore, surpassing Zomato's GOV. However, Eternal's net profit decreased by 90% to Rs 25 crore due to competitive intensity and expansion efforts.
08Aug 25
Eternal Limited Completes Dissolution of Malaysian Subsidiary
Eternal Limited, formerly Zomato Limited, has completed the dissolution of its step-down subsidiary, Zomato Malaysia Sdn. Bhd., effective August 08, 2025. This action, previously announced on February 15, 2024, was disclosed in compliance with SEBI regulations. The dissolution signifies a strategic move to streamline the company's international operations.
07Aug 25
Eternal Limited Faces ₹1.35 Crore GST Demand and Penalty from UP Tax Authority
Eternal Limited, formerly Zomato Limited, received a GST demand order of ₹1.35 crore from Uttar Pradesh tax authorities for the period April 2021 to March 2022. The order includes ₹67.25 lakh in GST demand and an equal penalty amount. The company plans to appeal, believing it has a strong case, and doesn't anticipate any financial impact. This disclosure was made in compliance with SEBI regulations.
29Jul 25
Eternal's Workforce Surges Past Tata Consumer Products Amid Shifting Pay Dynamics
Eternal, parent company of Zomato and Blinkit, has expanded its workforce to 16,375 employees in FY25, more than doubling its previous count. This growth is driven by expansion in quick-commerce, going-out business, and recent acquisitions. Employee benefit expenses increased by 54% to ₹2,558.00 crore, with share-based payments up 55% to ₹798.00 crore. Average pay for non-managerial roles decreased due to more lower-salaried staff, while independent directors' compensation quadrupled. The company's attrition rate rose to 44% from 37%, attributed to internal transfers and frontline role turnover.
25Jul 25
Eternal Limited Reports Strong Quick Commerce Growth and Signs of Food Delivery Recovery in Q1FY26
Eternal Limited (formerly Zomato) announced robust Q1FY26 performance in its quick commerce segment and early recovery signs in food delivery. Blinkit, its quick commerce arm, saw GOV exceeding ₹5,000 crore and MTU surpassing 15 million. The segment's adjusted EBITDA margins improved from -2.4% to -1.8% quarter-on-quarter. Blinkit plans to expand from 1,500 to 3,000 dark stores. Eternal aims to transition to first-party inventory ownership, expecting a 100 basis points margin improvement. The food delivery segment showed improved app engagement and higher customer return rates. Delhi, a mature market, demonstrated 70% year-on-year growth in quick commerce.
24Jul 25
Eternal Ltd Shares Soar to All-Time High on Robust Quarterly Revenue Growth
Eternal Ltd, a food delivery company, saw its shares surge to a new lifetime high with a 4% increase, following a 15% rally since Monday. The company reported a quarterly revenue of ₹7,167.00 crore, up 23% quarter-on-quarter, exceeding analyst expectations. Despite a 36% decline in net profit to ₹25.00 crore, investors focused on top-line growth. The B2C vertical, including Blinkit and Hyperpure divisions, showed significant strength with an annualized net order value of nearly $10 billion. The stock has gained 39.67% over the past 12 months, with 28 out of 32 analysts maintaining a 'buy' rating.
24Jul 25
Eternal Shares See Rs. 87.03 Crore Block Trade on NSE
A significant block trade of Eternal shares occurred on the National Stock Exchange (NSE), involving 2,850,689 shares at Rs. 305.30 per share, totaling Rs. 87.03 crore. The transaction indicates substantial market interest in Eternal, though the identities of the buyers and sellers were not disclosed.
23Jul 25
Eternal Sees Shift in Investor Base as Mutual Funds Ramp Up Stakes
Eternal experienced significant changes in its investor base during Q2. FIIs reduced their stake to 42.30%, while mutual funds increased theirs to 21.60%. Retail investors decreased holdings to 5.50%. Blinkit, Eternal's quick-commerce arm, reported 140% YoY GMV growth. The company plans to transition Blinkit to an inventory-led model, expecting 100 bps margin expansion. Goldman, Jefferies, and Emkay analysts expressed optimism about Eternal's growth prospects.
22Jul 25
Eternal Ltd Surges to ₹3 Lakh Crore Market Cap, Outpacing 20 Nifty 50 Companies
Eternal Ltd (formerly Zomato) reached a market capitalization of ₹3 lakh crore, surpassing over 20 Nifty 50 constituents. The company reported strong Q2 results with 70.4% YoY revenue growth to ₹7,167 crore. Quick commerce segment outperformed food delivery for the first time. The company announced strategic initiatives including inventory ownership in quick commerce, incorporation of Blinkit Foods Limited, expansion of quick commerce stores, and launch of 'Greening India' initiative. CEO Deepinder Goyal highlighted the company's rotational leadership model.
22Jul 25
Eternal Limited Reports Strong Q1 FY26 Growth, Expands Quick Commerce Business
Eternal Limited's Q1 FY26 results show 70% year-over-year revenue growth to INR 7,167.00 crore. Quick commerce overtook food delivery in Net Order Value for the first time. The company added 243 new stores, aiming for 2,000 by Dec 2025. Segment-wise, quick commerce grew 155%, food delivery 16%, Hyperpure supplies 89%, and going out more than doubled. Despite growth, profit after tax decreased to INR 25.00 crore. The company is transitioning to a combined marketplace and inventory-led model in quick commerce. A new 'Rotational Leadership' model was introduced for the food delivery business. Eternal also launched 'Greening India', an agroforestry initiative.
22Jul 25
Eternal's Q1 FY26: Blinkit Outpaces Zomato as Quick Commerce Takes Center Stage
Eternal Limited reported a 67% YoY revenue growth to INR 7,167.00 crore in Q1 FY26, with quick commerce segment Blinkit surpassing Zomato in net order value. Quick commerce revenue grew 155% YoY to INR 2,400.00 crore, while food delivery generated INR 2,261.00 crore. Adjusted EBITDA declined 42% YoY to INR 172.00 crore due to investments in quick commerce and going-out segments. Blinkit expanded to 1,544 stores, aiming for 2,000 by December 2025. Eternal is transitioning to a hybrid marketplace and inventory-led model for quick commerce and launched 'Bistro', a 10-minute food delivery service in select cities. The company also introduced a 'Rotational Leadership' model and an agroforestry initiative 'Greening India'.
21Jul 25
Eternal Ltd Reports Strong Q1 Growth, Shifts Quick Commerce to Inventory Model
Eternal Ltd (formerly Zomato) reported Q1 consolidated revenue of Rs 7,167.00 crore, up 70.4% year-over-year. Net order value of B2C businesses grew 55%. Profit decreased 90.1% to Rs 25.00 crore due to investments in quick commerce and going-out segments. Quick commerce revenue grew 155% year-over-year to Rs 2,400.00 crore, surpassing food delivery. The company is transitioning its quick commerce business to an inventory ownership model and launching a food preparation service. A 'Rotational Leadership' model was introduced for the Zomato business.
21Jul 25
Eternal Ltd. Q1 Profit Dips 36% to ₹25 Crore, Revenue Surges 23%
Eternal Ltd., Zomato's parent company, reported a 36% sequential decline in Q1 consolidated net profit to ₹25.00 crore, missing analyst estimates. However, consolidated revenue grew 23% to ₹7,167.00 crore, with a 70% year-over-year increase. Quick commerce segment outperformed, exceeding food delivery in Net Order Value. Adjusted EBITDA rose 60% to ₹115.00 crore, but margin decreased. The company incorporated Blinkit Foods, a new subsidiary for food services. Despite profit decline, share price gained 4% post-announcement.
21Jul 25
Eternal Reports Strong Q1 Revenue Growth, Driven by Quick Commerce and Food Delivery
Eternal Limited's consolidated revenue from operations increased 67% year-over-year to Rs 7,167.00 crore in Q1. Quick commerce segment, including Blinkit, outperformed food delivery for the first time, with revenue up 155% to Rs 2,400.00 crore. Food delivery revenue grew 16% to Rs 2,261.00 crore. Hyperpure B2B supplies business revenue rose 89% to Rs 2,295.00 crore. Going-out segment generated Rs 207.00 crore. Consolidated profit after tax was Rs 25.00 crore. The company is transitioning its quick commerce model and investing in new initiatives like Bistro and Greening India.
21Jul 25
Eternal Limited Approves Q1 2025 Results, Plans 15th AGM, and Incorporates New Subsidiary
Eternal Limited released Q1 2025 financial results, reporting consolidated revenue of INR 7,167.00 crores and profit of INR 25.00 crores. The company approved the formation of a wholly owned subsidiary, Blinkit Foods Limited, focusing on food services. Eternal scheduled its 15th Annual General Meeting for August 19, 2025, and proposed re-appointment of auditors. The company is contesting GST disputes amounting to INR 441.00 crores.
20Jul 25
Eternal's Q1 Results Preview: Revenue Growth Expected Despite Projected PAT Decline
Eternal, Zomato's parent company, is set to announce Q1 earnings on July 21. Analysts project a 69-89% year-on-year decline in profit after tax (PAT), with estimates ranging from Rs 28.00 to 78.00 crore. However, overall revenue is expected to grow 57-59% year-on-year. Blinkit, Hyperpure, and food delivery segments are anticipated to show growth of 113%, 75%, and 18% respectively. EBITDA margins are forecasted between 1.90% and 2.80%, showing a year-on-year decline but quarter-on-quarter improvement. Key focus areas include Blinkit's revenue contribution, food delivery cost structure, GMV growth, store expansion plans, and profitability timelines across segments.
14Jul 25
Eternal Ltd.'s Blinkit Shifts to Inventory-Led Model, Eyeing Margin Boost
Eternal Ltd., Blinkit's parent company, announces a strategic shift from a marketplace to an inventory-led business model for Blinkit, effective September 1. This change is expected to improve Ebitda margins by 50-110 basis points and potentially lead to Ebitda break-even by Q3 FY24. JM Financial maintains a 'buy' rating on Eternal Ltd.'s stock with a target price of Rs 320.00, reflecting confidence in the new strategy.
06Jul 25
Eternal Ltd. Announces Leadership Change in Food Delivery Business
Eternal Ltd., a major food delivery company, is undergoing a leadership transition. Current CEO Rakesh Ranjan will step down on July 6. Aditya Mangla, currently head of product for food ordering and delivery, is set to become the new CEO, pending board approval on July 5. If approved, Mangla will serve a two-year term. This change comes at a critical time for Eternal Ltd. in the competitive food delivery market.
12Jun 25
Eternal Shares Surge in Pre-Open Block Trade: 6.09 Million Shares Change Hands
Eternal, a prominent Indian stock market player, experienced a significant block trade of approximately 6.09 million shares on the National Stock Exchange during pre-market hours. The transaction, valued at Rs 156.59 crore, was executed at Rs 257.00 per share. While the identities of the buyers and sellers remain undisclosed, this large-scale trade suggests potential changes in ownership structure or significant investor interest in the company.
11Jun 25
Eternal Ltd Stock Rises 2% Following ₹156 Crore Block Deal
Eternal Ltd, Zomato's parent company, saw a 2% increase in stock price following a block deal of 60.93 lakh shares worth ₹156 crore at ₹256 per share. The transaction represents 0.06% of the company's total equity. This comes as Rapido, a bike taxi aggregator, is rumored to be entering the food delivery market with lower commissions for restaurants, potentially challenging Zomato's position.
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