Eternal shares surge 10% on robust Q1 revenue
The company's strong revenue performance and its quick commerce subsidiary Blinkit's rapid growth have reshaped investor perceptions, reinforcing the company's transition from a food delivery player to a broader quick-commerce leader.
The sharp rise in share price came after the company reported a robust 70% year-on-year increase in revenue for the first quarter of FY26, reaching ₹7,167 crore. The revenue growth was largely driven by the strong performance of Blinkit.
Despite the revenue surge, the company's net profit dropped significantly by 90% to ₹25 crore from ₹253 crore a year earlier. The decline was attributed to continued investments and subsidy expenses aimed at expanding the Blinkit business.
Blinkit's net order value (NOV) and gross order value (GOV) in the first quarter (FY26) surpassed that of Zomato's core food delivery operations for the first time. During the quarter, Blinkit recorded a GOV of ₹11,821 crore and an NOV of ₹9,230 crore, compared to food delivery's GOV of ₹10,769 crore and NOV of ₹8,967 crore. Blinkit also reported a 155% jump in revenue to ₹2,400 crore and added 243 new dark stores, taking the total to 1,544.
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