Eternal shares jump 21% in 2 sessions; stock tops ₹300 mark: Street gung-ho on 'significantly positive' commentary in Q1

The stock on Tuesday jumped as much as 14.55% to ₹311.25 on the NSE in the opening deals.

With today's surge (taking into account the day's high of ₹311.25 so far, the Eternal share price has rallied 21% in the past two sessions against the close of ₹257.20 on Friday, July 18.)

The market capitalisation of the company increased by over ₹52,000 crore to surpass the ₹3 lakh crore mark.

The total number of outstanding shares of the company as per the BSE, is 9,65,03,50,646.

Analysts tracking the stock note that while Q1 numbers were mixed, the management commentary was significantly positive.

The food delivery and quick commerce company on Monday, July 21, reported a net profit of ₹25 crore for the quarter ended June 30, 2025 (Q1 FY26). The figures were ₹39 crore in the previous quarter and ₹253 crore in the year-ago period. Its revenue from operations came in at ₹7,167 crore, up 70% against ₹4,206 crore logged in the corresponding quarter of the previous fiscal year.

Shares of Eternal after the result announcement ended 7.5% higher at ₹276.50 apiece on the NSE.

"On an annualised basis, we are now at almost $10 billion of annual NOV across our B2C businesses, and quick commerce is now our largest B2C business, contributing to almost half of this annualised NOV. Our B2B business Hyperpure’s revenue grew 89% YoY (25% QoQ). We expect de-growth in this business in the next few quarters," the letter said.

Consolidated adjusted revenue grew 67% YoY (22% QoQ) to ₹7,563 crore – the growth rates here have been pretty steady at 50%+ for the past 11 quarters.

On the profitability front, consolidated adjusted EBITDA declined 42% YoY to ₹172 crore in Q1 FY26, largely on account of the continuing investments in quick commerce and going out, which were partly offset by the improvement in food delivery adjusted EBITDA margin (as a % of NOV) to 5.0% from 3.9% a year ago, Eternal said in its letter.

Analyst views

Analysts at Jefferies, according to news reports, note that while Q1 FY26 numbers were mixed, the management commentary was significantly positive. It added that the growth remained strong and the margin outlook has improved as competitive pressure eases.

The analysts note that food delivery growth moderated, but management expects a pick-up with rangebound short-term margin.