Eternal stock hits record high as Q2 growth lifts investor focus
Published on 11/11/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth lifts Eternal's outlook
- Food delivery gross order value grew 22 percent year over year in Q2 FY27, ahead of Swiggy's 18 percent.
- Blinkit's net order value increased 79 percent as its dark-store network reached 2,751 outlets.
- Quarterly profit nearly doubled, but the result remained below the reported estimate.
Eternal stock reached a fresh record on Wednesday, November 11, 2026, as investors focused on stronger food delivery and quick-commerce operations. In a report published at 14:48 IST, NDTV Profit said the shares rose as much as 2.47 percent to INR 372.
Food delivery maintains momentum
Eternal's food delivery gross order value grew 22 percent year over year in the September quarter, ahead of Swiggy's 18 percent growth. Monthly transacting users increased 16 percent, while food delivery net order value rose 21 percent.
Management expects annual growth of more than 20 percent in the food-delivery business. It also expects margins to remain broadly flat over the next one to two years, keeping scale and operating discipline central to the investment case.
Blinkit expands while margins improve
Blinkit's net order value increased 79 percent year over year, and its dark-store network reached 2,751 outlets. The business improved its take rate to 27.5 percent, while mature cities reported adjusted EBITDA margins above 5 percent.
Eternal plans to expand Blinkit to more than 3,500 stores by March 2027 and around 5,000 by March 2028. Hyperpure also posted adjusted EBITDA of INR 10 crore, compared with a loss of INR 5 crore a year earlier, while District's net order value rose 58 percent.
Profit growth meets a valuation test
Consolidated net profit rose 92.3 percent year over year to INR 125 crore in Q2 FY27 from INR 65 crore. Revenue increased 77.6 percent to INR 24,138 crore, beating the reported estimate of INR 23,447 crore, while profit fell short of the INR 304 crore estimate.
EBITDA increased to INR 752 crore from INR 239 crore, and the margin widened to 3.1 percent from 1.8 percent. The figures strengthen the growth narrative, but the profit miss leaves execution and margin expansion as key issues for investors.
Broader Indian equities also advanced on Wednesday, with the BSE Sensex gaining ground during the session.
Investors will next watch Blinkit's store rollout, quick-commerce unit economics and the ability of Eternal's food-delivery business to sustain growth while margins remain under pressure.
Eternal Limited at a glance
- Business: Food delivery, quick commerce, going-out and B2B supplies
- Q2 FY27 net profit: INR 125 crore
- Q2 FY27 revenue: INR 24,138 crore
- Blinkit dark stores: 2,751
