Eternal Share Price: Q2 FY27 Profit Up 92%, Revenue Up 78%

Eternal Share Price After Q2 FY27 Results: Profit Up 92%, Blinkit Turns Solidly Profitable

Eternal, the parent of Zomato and Blinkit, reported a consolidated net profit of ₹125 crore for the July–September 2026 quarter (Q2 FY27), up 92% from ₹65 crore a year earlier. Revenue from operations rose 77.6% to ₹24,138 crore, driven by Blinkit. The results came out after market hours on October 21, 2026, so today is the first session to react.

The quarter had two stories. Growth was very strong, and Blinkit posted its biggest quarterly profit yet. But net profit was well below the ₹250 crore analysts had expected, YourStory reported. Here's what investors should take from the numbers. Track the live Eternal share price on GoPocket.

Key Takeaways

• Net profit: ₹125 crore, up 92% YoY and 36% QoQ, but below the ₹250 crore estimate.
• Revenue: ₹24,138 crore, up 77.6% YoY.
• Blinkit adjusted EBITDA: ₹184 crore profit, against a ₹156 crore loss a year ago.
• Blinkit dark stores: 2,751 after adding 308 in the quarter; target of 3,500+ by March 2027.
• Food delivery net order value grew 21.5%, its fifth straight quarter of faster growth.

Eternal Q2 FY27 Results at a Glance

Source: Business Standard, October 21, 2026. Net profit was ₹92 crore in Q1 FY27.

The fall in cash from ₹18,288 crore to ₹16,475 crore was due to a seasonal rise in working capital ahead of the festive season, the company said, as reported by Business Standard.

How Did Each Eternal Business Perform?

Source: Business Standard, October 21, 2026.

Net order value (NOV) is the value of orders placed by customers after discounts, before cancellations are adjusted in some definitions. It's the best single measure of how much business each platform is doing. Zomato also had 28 million average monthly transacting customers, up from 27.2 million in the June quarter.

Is Blinkit Profitable Now?

Yes, on an adjusted EBITDA basis. Blinkit earned ₹184 crore of adjusted EBITDA in Q2 FY27, equal to 0.9% of its net order value, compared with a ₹156 crore loss a year earlier, YourStory reported. It's the sixth straight quarter of improvement. Adjusted EBITDA excludes items such as employee stock option costs, so it's a measure of operating profitability, not net profit.

Blinkit opened 308 dark stores in the quarter to reach 2,751. Management plans to cross 3,500 stores by March 2027 and reach about 5,000 by March 2028.

GoPocket Analysis: Three Numbers Worth Noting

• Blinkit is now Eternal: Blinkit revenue of ₹19,152 crore was about 79% of Eternal's ₹24,138 crore total revenue, by our calculation. Eternal's results now largely depend on quick commerce, not food delivery.
• Store target pace: To go from 2,751 stores to 3,500 by March 2027, Blinkit needs about 749 more stores in two quarters, or roughly 375 a quarter. That's faster than the 308 it added in Q2. New stores usually lose money for a while, which can weigh on near-term margins.
• Thin net margin: Net profit of ₹125 crore on ₹24,138 crore of revenue is a margin of about 0.5%. Adjusted EBITDA margin was about 2.8%. Small changes in costs or discounts can swing profit sharply at these levels.

These are calculations from reported figures, not forecasts.

What Did Management Say?

Founder Deepinder Goyal said his long-term expectation for food delivery is over 20% annual growth, and the last two quarters have returned to that range, though he cautioned against reading too much into one quarter, Business Standard reported. Group CEO Albinder Dhindsa said expanding product choice is a top priority because it drives customer retention, and that relying on discounts brings customers who tend to leave once offers end. CFO Akshant Goyal said the going-out business remains on track for its FY30 targets of ₹28,000 crore NOV and ₹1,400 crore adjusted EBITDA.

How Has the Eternal Share Price Moved?

Source: NSE bhavcopy data. The stock touched an intraday low of ₹305.50 on October 21.

Eternal shares fell about 8.7% in the month before results. Since the numbers came after the close, the October 21 move doesn't reflect the results. Rival Swiggy is also scheduled to report its Q2 results this week, which may give a useful comparison on quick commerce.

What Are the Risks for Eternal Shareholders?

• Competition: Quick commerce is crowded, and price wars can erase thin margins quickly.
• Expansion costs: Rapid store additions may pressure profitability in the near term.
• Earnings vs expectations: Profit fell well short of estimates this quarter, so the stock is sensitive to execution.
• Regulation: Rules on gig workers, dark stores and e-commerce could change cost structures.
• Valuation: With a sub-1% net margin, the share price depends heavily on long-term growth expectations.

What Should Investors Watch Next?

• Blinkit's adjusted EBITDA margin as store additions speed up.
• Whether food delivery NOV growth stays above 20%.
• Cash balance after the festive quarter.
• Swiggy's Q2 numbers for a competitive comparison.

Sources

• Business Standard, Eternal Q2FY27 net profit jumps 92% to ₹125 crore, revenue rises 78%, October 21, 2026
• YourStory, Eternal Q2 net profit rises 92% in FY27, revenue up 78%, October 21, 2026
• NewsBytes, Eternal's Q2 FY27 profit jumps 92% YoY to ₹125cr, October 2026
• NSE bhavcopy price data, accessed October 22, 2026

Disclaimer: This article is for information and educational purposes only. It is not a recommendation to buy, sell or hold Eternal or any other security. Share prices are as of the October 21, 2026 close, before the results reaction. Consult a SEBI-registered investment adviser before investing.