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Latest news about Eternal

Eternal Ltd Surges to ₹3 Lakh Crore Market Cap, Outpacing 20 Nifty 50 Companies 1 hour ago Today

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.

Eternal Limited Reports Strong Q1 FY26 Growth, Expands Quick Commerce Business 6 hours ago Today

Eternal's Q1 FY26: Blinkit Outpaces Zomato as Quick Commerce Takes Center Stage 15 hours ago Today

Eternal Ltd Reports Strong Q1 Growth, Shifts Quick Commerce to Inventory Model 22 hours ago Yesterday

Eternal Ltd. Q1 Profit Dips 36% to ₹25 Crore, Revenue Surges 23% 1 day ago Yesterday

More news about Eternal

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.

27May 25

Eternal Shares Tumble 4.5% on Foreign Shareholding Cap Announcement

Eternal (formerly Zomato) saw its shares drop 4.5% after announcing a 49.5% cap on foreign shareholding. This decision, aimed at enabling a first-party inventory model for its subsidiary Blinkit, could lead to outflows of ₹6,808-10,793 crore due to potential weight reductions in global indices like MSCI and FTSE. The move is strategically focused on enhancing Blinkit's operational flexibility in the quick-commerce sector, but has raised concerns among investors about short-term market impacts.

26May 25

Eternal Faces $840 Million Potential Outflow as FTSE and MSCI Reduce Weightage

Eternal, formerly Zomato, is experiencing significant reductions in its global index weightings due to a decrease in its Foreign Ownership Limit. FTSE is cutting Eternal's investability weighting from 82.74% to 49.50%, effective May 28. MSCI will also adjust Eternal's weighting, with changes set for May 30, 2025. These modifications are expected to result in passive outflows of approximately $840 million as index-tracking funds adjust their holdings. The changes may put pressure on Eternal's stock price in the short to medium term.

24May 25

Eternal Faces $840 Million Outflow Risk as FTSE and MSCI Slash Weightings

Eternal, formerly Zomato, is expecting a potential $840 million passive outflow due to reduced weightage by FTSE and MSCI index providers. FTSE Russell will decrease Eternal's investability weighting from 82.74% to 49.50% on May 28, while MSCI's adjustments on May 30, 2025, could lead to a $460 million outflow. These changes follow a shareholder-approved reduction in the Foreign Ownership Limit (FOL) for the company.

23May 25

Eternal Ltd: FTSE and MSCI Weight Changes Could Trigger $840 Million Outflows

Eternal Ltd, a major Indian stock, is experiencing significant changes in its global index weightings. FTSE Russell has announced a reduction in Eternal Ltd's investability weight due to a lower foreign ownership limit, effective May 27. MSCI is expected to make similar adjustments after May 30. These changes could potentially lead to outflows of approximately $840 million from Eternal Ltd's stock, impacting its liquidity and price in the short term.

20May 25

Eternal Faces $1.3 Billion FII Outflow Risk and Potential MSCI Exclusion

Eternal shareholders voted 99% in favor of converting to an Indian Owned & Controlled Company status. This move could lead to a $1.3 billion foreign institutional investor outflow and potential exclusion from the MSCI index. Foreign ownership currently stands at 44.80-46.00%. Jefferies analysts highlight the risk of MSCI exclusion or reduced weight. The company's shares declined 4.00% following the analysis.

15May 25

Zomato's Parent Company Eternal Ltd Secures Prime Office Space in Mumbai

Eternal Ltd, Zomato's parent company, has leased 84,157 square feet of office space in Andheri East, Mumbai, for five years starting May 1, 2025. The lease costs ₹1.34 crore monthly, totaling ₹95.00 crore over the lease period. This move suggests expansion beyond food delivery, strengthening presence in Mumbai, long-term commitment, and potential for new ventures.

05May 25

Eternal Ltd. Shows Promising Signs in Food Delivery and Quick Commerce Sector

Eternal Ltd. (formerly Zomato) reported a 9.62% increase in quarterly revenue to ₹6,201.00 crore, despite urban spending slowdown. Net profit reached ₹39.00 crore, down 33.90% from the previous quarter. EBITDA improved by 6.28% to ₹440.00 crore, indicating better cost management. However, operating profit margin decreased to 1.23% from 3.00%. Total expenses rose 9.88% to ₹5,761.00 crore, reflecting ongoing investments in growth. The results suggest progress towards a sustainable business model in the competitive food delivery and quick commerce sector.

02May 25

Eternal Ltd.: Q4 Profit Drops 34%, Missing Estimates Amid Growth and Challenges

Eternal Limited's Q4 FY25 results show a 7.9% year-over-year revenue growth to ₹5,833.00 crore, beating expectations. However, net profit declined 34.0% year-over-year. The company expanded its quick commerce segment, adding 294 new Blinkit stores. Strategic moves include shutting down Zomato Quick and Zomato Everyday verticals. The stock initially dropped 5.3% but later recovered, indicating mixed market sentiment.

01May 25

Eternal (Formerly Zomato) Reports 78% Drop in Q4 Profit Despite 64% Revenue Surge

Eternal reported a 63.8% year-over-year increase in revenue from operations, reaching 5,833.00 crore in Q4FY25. However, consolidated net profit declined by 77.7% to 39.00 crore, a steeper drop than analysts expected. The results suggest strong performances in Hyperpure and Blinkit segments, contributing to revenue growth, while rapid expansion likely impacted profitability. Investors will focus on the company's strategies to balance growth with profitability in coming quarters.

30Apr 25

Eternal (ex-Zomato) Q4 FY25 Results Preview: Analysts Expect 76% Profit Drop, 52% Revenue Growth

Eternal Ltd. (formerly Zomato) will announce Q4 and FY25 results on May 1, 2025. Analysts predict a 52% QoQ revenue increase to ₹5,824.00 crore, driven by food delivery and Blinkit expansion. However, profits are expected to drop 76% to ₹42.10 crore due to Blinkit scaling costs and discounting pressures. The company, recently added to the Nifty 50 index, has seen a 15% stock increase since inclusion. A trading window closure is in effect from March 15 until 48 hours post-results announcement.

24Apr 25

Eternal Shares Dip 1.7% as CEO Rakesh Ranjan Resigns

Eternal's stock price fell 1.7% to Rs 235.00 on the Bombay Stock Exchange after CEO Rakesh Ranjan's resignation. Founder Deepinder Goyal will temporarily lead the food delivery vertical. The company faces market share challenges and industry slowdown, with Swiggy as a strong competitor. Investors are closely watching Eternal's next moves, including the search for a new CEO and potential strategy shifts.

21Apr 25

Eternal Ltd. Caps Foreign Shareholding at 49.5%, Potential Impact on MSCI Weightage

Eternal Limited (formerly Zomato) has imposed a 49.5% cap on foreign shareholding, which may affect its weightage in the MSCI index. Despite this, 80% of analysts maintain 'buy' ratings, viewing the move as a strategy to strengthen the company's business moat. The decision could lead to short-term capital intensity but may be offset by potential margin expansion in the quick commerce segment. The stock has recently experienced a correction despite positive analyst sentiment.

09Apr 25

Eternal Ltd Shares Dip 1.84% Following Corporate Rebranding

Eternal Ltd, previously known as Zomato Ltd, experienced a 1.84% decline in early trading following its rebranding. The company's shares traded at ₹211.30 on BSE and ₹211.22 on NSE. The name change, effective March 20, 2025, comes with a new ticker symbol ETERNAL. This rebranding reflects a broader strategy to expand into multiple business segments beyond its original focus.

05Apr 25

Zomato's COO Resigns as Company Prepares for Rebranding to 'Eternal'

Zomato Ltd, a leading Indian food delivery platform, announced significant changes. COO Rinshul Chandra will resign on April 7, 2025, after seven years with the company. Zomato plans to rebrand as 'Eternal' on April 9, 2025, encompassing its four core verticals: food delivery, Blinkit, Hyperpure, and dining-out platform District. This rebranding reflects the company's evolution into a diversified technology company.

03Apr 25

Zomato to Rebrand as 'Eternal': Name and Ticker Change Set for April 9

Zomato, the food delivery and restaurant discovery platform, has announced plans to change its company name and stock ticker to 'Eternal'. The rebranding is set to take effect on April 9, as disclosed to the National Stock Exchange of India. This move marks a significant corporate change, though the company's core business remains unchanged. The rebranding suggests a vision of longevity in the market, and investors will be watching for any impact on market perception and stock performance.

03Apr 25

Zomato Wins Legal Battle: NCLT Dismisses ₹1.64 Crore Insolvency Plea

The National Company Law Tribunal (NCLT) has rejected an insolvency petition filed against Zomato by Nona Lifestyle, a B2B apparel manufacturer. The petition, which claimed unpaid dues of ₹1.64 crore for rider uniforms and merchandise, was dismissed. Zomato had denied the allegations, stating all payments were made on time. This legal victory reinforces Zomato's financial stability, protects its reputation, and ensures operational continuity.

03Apr 25

Zomato Shares: Major Block Trade Worth ₹22.19 Crore Executed on NSE

A significant block trade of 1,044,282 Zomato Ltd. shares was executed on the NSE, valued at ₹22.19 crore. The transaction occurred at ₹212.46 per share, potentially indicating strategic moves by large investors in the food delivery sector.

01Apr 25

Zomato Trims Workforce: 600 Customer Support Employees Laid Off

Zomato, a leading Indian food delivery platform, has laid off 600 employees from its customer support team. This significant workforce reduction comes in response to a reported slowdown in food delivery services and likely aims to optimize costs and streamline operations. The move reflects broader challenges in the food delivery sector and Zomato's efforts to adapt to changing market conditions. While this decision may improve operational efficiency, its impact on customer experience and overall company performance remains to be seen.

01Apr 25

Zomato Shares Surge as Goldman Sachs Makes ₹281 Crore Investment

Goldman Sachs acquired Zomato shares worth ₹281 crore through open market transactions, leading to a 1.30% increase in Zomato's share price. This significant investment, equivalent to about $34 million, signals strong institutional interest in India's food delivery market. The move is expected to enhance Zomato's credibility, potentially provide strategic insights, and improve overall investor sentiment towards the company.

28Mar 25

Zomato Shares in Focus: Major Stake Sale and Nifty 50 Inclusion

Kadensa Master Fund sold a 0.06% stake (60.07 lakh shares) in Zomato for Rs 119.80 crore. Goldman Sachs (Singapore) Pte-ODI acquired these shares at Rs 199.50 each. Zomato has been included in the NSE Nifty 50 index, potentially bringing in Rs 3,351.00 crore from passive funds. These developments are expected to increase liquidity, broaden the investor base, and enhance Zomato's visibility in the market.

26Mar 25

Zomato Shares in Focus: Major Block Trade Worth Rs. 39.41 Crores Executed

A significant block trade of 1,946,062 Zomato shares was executed on the National Stock Exchange at ₹202.50 per share, totaling ₹39.41 crores. This large transaction has drawn market attention, potentially indicating shifts in institutional holdings or major investors adjusting positions. The identities of the traders remain undisclosed.

21Mar 25

Zomato Ltd. Block Trade: 2.39 Million Shares Sold for Rs. 53.39 Crores Amid Company Name Change

A block trade of 2.39 million Zomato shares worth Rs. 53.39 crores occurred on NSE at Rs. 223.15 per share. Simultaneously, Zomato Limited officially changed its name to Eternal Limited, effective March 20, 2025, following approval from the Registrar of Companies. The company's trading symbols remain unchanged.

21Mar 25

Zomato Receives Weight Upgrade in FTSE Index Amid Corporate Rebranding and Block Trade

Zomato Ltd. is set to rebrand as Eternal Limited effective March 20, 2025, following approval from the Ministry of Corporate Affairs. Concurrently, the company received a weight upgrade in the FTSE All World Index, potentially attracting $65 million in inflows. A significant block trade of 3,032,793 shares at Rs. 224.08 per share, totaling Rs. 67.96 crores, was also reported on the NSE.

20Mar 25

Zomato Rebrands as Eternal Limited: A New Era for the Food Delivery Giant

Zomato Limited, a leading Indian food delivery platform, has officially changed its name to Eternal Limited, effective March 20, 2025. The rebranding, approved by the Ministry of Corporate Affairs, retains the company's CIN and ISIN. This move suggests a potential shift in strategic direction and possible diversification beyond its current core business. The company's stock symbol remains ZOMATO for now. The name change complies with SEBI regulations and follows a series of intimations made earlier in 2025.

20Mar 25

Zomato Shares: Major Block Trade Worth Rs. 56.50 Crores Executed on NSE

A significant block trade of approximately 2,517,073 Zomato Ltd. shares occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 224.47 per share, totaling Rs. 56.50 crores. While the identities of the buyer and seller remain undisclosed, such large trades often attract market attention and can potentially influence investor sentiment.

20Mar 25

Zomato Shares: Major Block Trade Worth Rs. 60.22 Crores Executed on NSE

A substantial block trade of 2,681,480 Zomato Ltd. shares was executed on the National Stock Exchange. The transaction, valued at ₹60.22 crores, saw shares changing hands at an average price of ₹224.59 per share. This large-scale trade, typically associated with institutional investors or high net-worth individuals, has drawn market attention due to its potential impact on stock prices and indication of significant ownership changes.

20Mar 25

Zomato Shares See Significant Block Trade: 4.6 Million Shares Change Hands

A significant block trade of approximately 4.6 million Zomato shares occurred on the National Stock Exchange. The transaction, valued at Rs. 103.45 crore, was executed at Rs. 224.62 per share. While the identities of the buyer and seller remain undisclosed, such large trades often draw market attention and can potentially influence short-term trading patterns.

18Mar 25

Zomato Faces Potential Insolvency Plea Restoration by Operational Creditor

Nona Lifestyle Pvt Ltd has approached the NCLT to restore an insolvency plea against Zomato Ltd, claiming unpaid dues of Rs 1.64 crore for supplying uniforms and merchandise. Zomato's legal team opposes the restoration, citing a pre-existing dispute over the claimed dues. The NCLT has adjourned the matter until April for further hearing. This legal challenge could have significant implications for Zomato's finances and reputation in the market.

13Mar 25

Zomato Shares in Focus: Major Block Trade Worth Rs. 80.86 Crores Executed

A notable block trade of approximately 3.94 million Zomato Ltd shares occurred on the National Stock Exchange (NSE). The transaction, valued at Rs. 80.86 crores, was executed at Rs. 205.00 per share. This substantial trade highlights continued institutional investor interest in the food delivery giant, potentially influencing market sentiment and indicating shifts in ownership or investment strategies.

12Mar 25

Zomato Shares: Major Block Trade of 2.57 Million Shares Worth Rs. 52.72 Crores

A significant block trade of 2,572,713 Zomato Ltd. shares was executed on the National Stock Exchange, valued at Rs. 52.72 crores. The shares were priced at Rs. 204.91 each. This substantial transaction could indicate shifts in institutional holdings or large shareholder positions, drawing attention to potential market sentiment changes towards the stock.

11Mar 25

Zomato Shares in Focus: Major Block Trade Worth Rs. 15.80 Crores Executed

A significant block trade of 775,371 Zomato shares was executed on the National Stock Exchange at Rs. 203.74 per share, totaling Rs. 15.80 Crores. The transaction has drawn market attention, potentially indicating investor interest or strategic moves in the food delivery company's stock. While the identities of the buyer and seller remain undisclosed, the trade could spark speculation about motivations behind the deal and prompt closer scrutiny of Zomato's recent performance and future prospects.

10Mar 25

Zomato Shares See Major Block Trade Amidst Corporate Name Change Approval

Zomato Ltd. received shareholder approval for a company name change via postal ballot, with 99.7525% votes in favor. Concurrently, a block trade of 4,010,340 shares at Rs. 213.21 per share, totaling Rs. 85.50 crores, occurred on the NSE.

10Mar 25

Zomato Shareholders Approve Corporate Name Change to Eternal Ltd

Shareholders of Zomato Ltd have approved changing the company's name to Eternal Ltd. This change applies only to the corporate entity, with the Zomato brand and app remaining unchanged. The company will transition its corporate website to eternal.com and update its stock ticker to ETERNAL. Shareholders also approved alterations to the company's Memorandum and Articles of Association. The special resolution passed with 99.7525% votes in favor.

07Mar 25

Zomato Shares in Focus: Block Trade Worth Rs. 16.11 Crores Executed

A significant block trade of 720,013 Zomato shares occurred on the National Stock Exchange (NSE), valued at Rs. 16.11 Crores. The shares were priced at Rs. 223.73 each. While such large trades can influence short-term market dynamics, they don't necessarily reflect changes in the company's fundamentals.

06Mar 25

Zomato Faces Antitrust Challenge in India's Quick Delivery Market

An Indian retail group has filed an antitrust case against Zomato, Swiggy, and Zepto, targeting their quick delivery operations in the food and grocery market. This legal action could significantly impact Zomato's business model, market share, and growth strategies. The case highlights intensifying competition and regulatory scrutiny in India's delivery sector, potentially reshaping the industry's landscape and setting precedents for e-commerce regulation.

28Feb 25

Zomato Set for $107 Million Inflow as MSCI India Index Weightage Increases

Zomato's weightage in the MSCI India Standard Index is scheduled to increase at 3 PM today, potentially triggering an inflow of approximately $107 million (₹935 crore) into the company's shares. This adjustment is expected to boost liquidity, increase investor interest, and potentially impact the stock price positively. Index funds and ETFs tracking the MSCI India Standard Index will need to adjust their holdings, potentially increasing demand for Zomato's shares and enhancing its visibility among international investors. The development reflects the evolving landscape of India's food delivery sector and may draw attention to the broader technology and consumer services segments in the Indian market.