Swiggy share price gains nearly 8% on Eternal’s Q1 results and management commentary

The stock zoomed as much as 7.9% to ₹426.3 crore on the National Stock Exchange (NSE). At 1:31 pm, it was up 4% to ₹410.4.

Swiggy's Board will meet on July 31 to consider and approve the financial results for the quarter ended June 30, 2025.

Eternal Q1 results

However, its revenue from operations increased 70.39% to ₹7,167 crore in the April-June quarter of FY26 as against ₹4,026 crore in the same period of the previous year.

In an exchange filing, Eternal said the earnings are not comparable with the year-ago quarter on account of the acquisition of Orbgen Technologies Pvt Ltd and Wasteland Entertainment Pvt Ltd, holding the 'events' and 'movies ticketing' businesses, respectively, from Paytm operator One 97 Communications, which was completed in August 2024.

The platform said that its quick commerce net order value (NOV), for the first time, surpassed food delivery NOV for the full quarter.

In the letter to shareholders, Eternal Chief Financial Officer (CFO) Akshant Goyal said on the profitability front, consolidated adjusted EBITDA dipped 42% year-on-year 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 percentage of net order vale (NOV) to 5% from 3.9% a year ago.

"NOV of our B2C businesses grew 55% YoY (16% QoQ) to ₹20,183 crore in Q1FY26. This was the first quarter where our quick commerce NOV exceeded food delivery NOV for the full quarter," Akshant said.

He further said, "On an annualised basis, we are now at almost USD 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 per cent Y-o-Y (25% QoQ). We expect de-growth in this business in the next few quarters."

Albinder Dhindsa, the chief executive officer of Blinkit, said it added 243 net new stores in the latest Q1, taking the total store count to 1,544.

"We are on track to get to 2,000 stores by December 2025. We also added 0.4 million sq ft of warehousing space and now operate over 5.6 million sq ft of warehousing space across the country," he stated.