Zomato Share Price Jumps Nearly 4% After Strong Q1 Result; Blinkit Leads Growth; Should You Buy Eternal Stock?

Eternal Ltd, the company behind Zomato, Blinkit and Hyperpure, attracted investor interest on Thursday after announcing its June quarter (Q1 FY27) financial results. The stock gained nearly 4% in morning trade, as the market welcomed strong business growth despite the company continuing to spend aggressively on expansion.

At around 11 am, Eternal shares were trading at Rs 295.20, up 3.8% on the NSE. The stock opened at Rs 289.85, touched an intraday high of Rs 295.45, and slipped to a low of Rs 282.70 before recovering.

Eternal Q1 Results: Revenue Crosses Rs 20,000 Crore, Net Profit Jumps 268%

The June quarter reflected another period of rapid business expansion for Eternal. The company reported revenue from operations of Rs 20,211 crore, significantly higher than the same quarter last year.

Its consolidated net profit stood at Rs 92 crore, compared with Rs 25 crore a year ago. However, earnings were lower than the previous quarter as the company continued investing heavily in expanding its quick commerce operations and strengthening other businesses.

Adjusted revenue also increased strongly during the quarter, while operational profitability improved, indicating that the company's larger scale is beginning to support margins even as investments continue.

Blinkit Emerges as Eternal's Biggest Growth Driver

Quick commerce remained the standout performer in the company's portfolio. Blinkit's Net Order Value (NOV) climbed to Rs 17,132 crore, reflecting strong customer demand and continued expansion across cities. The platform also accelerated its physical expansion by adding 200 dark stores during the quarter, taking its total network to 2,443 locations.

The wider network helped improve delivery coverage and supported higher order volumes, allowing Blinkit to maintain its rapid growth trajectory.

Food Delivery Business Continues to Grow Steadily

While Blinkit grabbed most of the attention, Eternal's food delivery business also delivered a stable performance. The Zomato platform reported Net Order Value of Rs 10,769 crore, supported by healthy order growth and improving customer activity. According to the company, the business has now recorded multiple consecutive quarters of improving growth, highlighting resilient demand even in a competitive market.

Across all consumer businesses, Eternal's Business-to-Consumer Net Order Value increased to Rs 31,120 crore, reflecting growth in food delivery, quick commerce and its lifestyle offerings. The company's operating performance also strengthened during the quarter, with Adjusted EBITDA rising to Rs 555 crore, indicating better operating efficiency as businesses scale.

District and Hyperpure Add to Growth Momentum

Eternal's newer verticals continued to contribute to overall performance. The District platform, which focuses on dining and entertainment experiences, posted healthy growth during the quarter as customer activity increased across restaurants and lifestyle services.

Meanwhile, restaurant supply business Hyperpure generated Rs 1,034 crore in revenue and continued to improve operational efficiency while maintaining steady business growth.

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