Eternal share price: Should you buy Zomato's parent stock post-Q1 results 2025?
Eternal shares climbed over 7 per cent to close at ₹ 276.50 despite the online food delivery firm posted 90 per cent drop in its net profit.
' This was largely driven by a stellar 70% YoY growth in revenue from operations, which rose to Rs.7,167 crore in Q1 FY26 from Rs.4,206 crore in Q1 FY25,' said Sugandha Sachdeva- Founder-SS WealthStreet.
The stock has given significant returns by surging over 30 per cent in 6 months and over 9 per cent in a month despite market volatility.
Zomato's parent company posted a 90% year-on-year decline in net profit, falling to ₹ 25 crore in Q1 FY26. Despite the profit drop, revenue from operations surged 70% year-on-year to ₹ 7,167 crore during the quarter.
The company's consolidated revenue rose 67% YoY and 22% QoQ to ₹ 7,563 crore, marking the 11th straight quarter of adjusted revenue growth exceeding 50% on a yearly basis.
Net order value (NOV) from quick commerce exceeded that of food delivery, pushing the company's total B2C NOV to ₹ 20,183 crore—marking a 55% year-on-year and 16% quarter-on-quarter increase. On an annualized scale, Eternal is approaching the $10 billion mark in B2C NOV, with Blinkit leading as the key driver of this growth.
' Looking ahead, Zomato is well-positioned to benefit from rising digital adoption, an expanding urban millennial base, and growing discretionary spending. The company's robust growth trajectory is underpinned by expanding order volumes, improving unit economics, and consistent margin improvement across key segments,' Sachdeva added.
Sachdeva further said that the technical structure indicates that the shares of Eternal had been consolidating between ₹ 255- ₹ 272 levels since early June but the stock has shown a sharp rise post the Q1 results, rising by around 5.64% in the previous session.
' The price structure indicates strong buying interest with bulls in control throughout the session. The stock price is also sustaining above the key 100, and 200 DEMA, indicating a bullish trend. Furthermore, the stock seems to have formed a base at Rs.255 levels from a short-term perspective, while major support rests at Rs.190 mark. However, some cool-off in the stock towards Rs.266-264, could provide a good price point to accumulate Eternal stock, with a near-term target of Rs.305 and then Rs.320. A protective stoploss should be placed at Rs.230 level on a closing basis,' she added.
On the other hand, Anuj Gupta, Director, Ya Wealth Research & Advisory, believes the stock might witness some profit-booking in the coming sessions.
' We are expecting some profit booking may be seen in the counter as stock rose more than 30% on last three month. This a time to book profit in eternal stock, it has a strong resistance around 290 to 310 range,' Gupta said.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Indian Express
5 minutes ago
- Indian Express
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Indian Express
7 minutes ago
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India-UK trade deal enables duty-free exports, China's mega dam causes fresh unease, Gaza at breaking point
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Soon after concluding his two-day visit to the UK, PM Modi arrived in the Maldives, where India also launched talks on FTA and announced a Rs 4,850-crore line of credit to the maritime neighbouring country. 'Peace, stability, and prosperity in the Indian Ocean Region are our shared goals…,' PM Modi said in his remarks after holding talks with Maldivian President Mohamed Muizzu, focusing on consolidating cooperation in areas of trade, defence and infrastructure. This marked a significant turnaround in the relationship which had seen some unease at the beginning of last year. That apart, it is noted that the prevailing situation, marked by US President Donald Trump's tariff policies upending the global trading architecture, incentivised countries to swiftly secure new markets. In that context, the India-UK trade deal could set the template for the negotiations that New Delhi is currently having with the EU. 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India also voiced strong concern over the current situation in Gaza at the UNSC, and called for an immediate ceasefire, uninterrupted humanitarian aid, and the release of Israeli hostages by Hamas. However, Israeli Prime Minister Benjamin Netanyahu said Friday (July 25) that his government was considering 'alternative options' to ceasefire talks with Hamas. US President Trump blamed Hamas for the apparent collapse of Gaza ceasefire talks and warned that the group would be 'hunted down'. Nonetheless, Hamas responded by saying that it had submitted a positive and constructive response to the latest proposal it was offered. Israel's war on Gaza has killed at least 59,676 people and wounded 143,965. An estimated 1,139 people were killed in Israel during the Hamas-led October 7, 2023, attacks, and more than 200 were taken captive. In the meantime, Iran's president Masoud Pezeshkian said that while Tehran remains wary of its current ceasefire with Israel, it won't rule out diplomacy, Bloomberg reported. His statement came as Iran and European nations, the UK, France, and Germany, often referred to as the E3, held talks in Istanbul on Friday and agreed that they need to hold another round of nuclear talks soon. Friday's talks broke a deadlock over Iran's nuclear programme, after Israeli and US strikes on Iran in June derailed previous negotiations. Clashes on the Thai-Cambodian border continued for the third day on Saturday, prompting tens of thousands to flee their homes and aggravating fears of an extended conflict, with the total death toll reaching 32. The two countries have engaged in standoffs since the killing of a Cambodian soldier late in May during a brief skirmish, with both sides claiming to act in self-defence. More than 130,000 people have been displaced in the worst fighting between the two Southeast Asian neighbours in 13 years, Reuters reported. The UN Security Council held an emergency meeting behind closed doors late Friday in New York, but didn't issue a statement. A council diplomat said all 15 members called on the parties to de-escalate, show restraint and resolve the dispute peacefully, Reuters reported. The council also urged the regional bloc, the Association of Southeast Asian Nations known as ASEAN, to help resolve the border fighting, the diplomat said, speaking on condition of anonymity because the meeting was private. Thailand and Cambodia have bickered for decades over the jurisdiction of various undemarcated points along their 817-km (508-mile) land border, with ownership of the ancient Hindu temples Ta Moan Thom and the 11th century Preah Vihear central to the disputes, according to Reuters. Preah Vihear was awarded to Cambodia by the International Court of Justice in 1962, but tension escalated in 2008 after Cambodia attempted to list it as a UNESCO World Heritage site. That led to skirmishes over several years and at least a dozen deaths. India on Saturday (July 26) advised its citizens in Cambodia to avoid travelling to border areas as the clash between Thailand and Cambodia over a disputed border entered its third day. Send your feedback and ideas to Ashiya Parveen is working as Commissioning Editor for the UPSC Section at The Indian Express. She also writes a weekly round up of global news, The World This Week. Ashiya has more than 10 years of experience in editing and writing spanning media and academics, and has both academic and journalistic publications to her credit. She has previously worked with The Pioneer and Press Trust of India (PTI). She also holds a PhD in international studies from Centre for West Asian Studies, JNU. ... Read More
News18
22 minutes ago
- News18
'India Our Closest Partner, It Is Even Better Now': Maldives President Muizzu
Last Updated: News18 spoke with Mohamed Muizzu at the Republic Square in Malé, soon after PM Modi left following a two-day state visit Maldives President Mohamed Muizzu told News18 in an exclusive conversation on Saturday that India is his country's 'closest partner" and the new Rs 5,000 crore credit line announced by Prime Minister Narendra Modi during his visit will greatly help the archipelagic country. News18 spoke with Muizzu at the Republic Square in Malé, soon after PM Modi left following a two-day state visit. 'India is our closest partner, of course. I'm sure it is even better now," Muizzu said. The President said that the Maldives was looking forward to the completion of the free trade agreement (FTA) with India. Both countries announced during PM Modi's visit that they will begin negotiations over the FTA. 'Once completed, the FTA will be very beneficial for traders of both countries. We are looking forward to it," Muizzu told News18. He also described the new Rs 5,000 crore credit line from India as a big help. Muizzu, in fact, told News18 how his government plans to utilise this aid. 'We have earmarked a lot of crucial projects to carry out with that. For example, hospitals, housing development, infrastructure, schools. So, it will definitely help," Muizzu said in the interview. The Maldives President also expressed his 'utmost thanks" to PM Modi for coming on this visit. 'We are very grateful to the PM," Muizzu told News18. These comments from Muizzu are a remarkable turnaround from 2023, when he came to power in the Maldives on an 'Out India" plank, and some of his ministers made uncharitable remarks on India in 2024. Muizzu also made state visits to Turkey and China before India, changing an old convention where a Maldives President always paid his first visit to India. But foreign minister S Jaishankar's visit to the Maldives last year, followed by Muizzu's state visit to India in October, brought bilateral relations back on track. view comments First Published: July 26, 2025, 19:13 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
