Eternal Share Price: Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit brands, today announced its earnings for the fourth quarter ended March 31, 2026.
The company reported a 70.6 per cent quarter-on-quarter (QoQ) increase in its profit after tax (PAT) to Rs 174 crore for the fourth quarter, supported by higher revenue growth, against Rs 102 crore in the previous quarter.
The company, however, reported a multi-fold 346 per cent jump in its consolidated net profit from Rs 39 crore posted in the year-ago period.
Eternal Share Price: Goldman Sachs bullish on Zomato parent – 6 reasons why
The brokerage firm, Goldman Sachs, maintains a buy call on the Food delivery and quick commerce firm Eternal with a target price of Rs 350 vs Rs 340 earlier. Reasons being:
1. Strong Q1FY27 expected with acceleration in both quick commerce and food delivery growth.
2. Blinkit Q1FY27 net order value growth expected at 85% year on year, implying 18% quarter on quarter growth.
3. Blinkit adjusted EBITDA margin expected to improve 30 basis points quarter on quarter to 0.6% of net order value.
4. Food delivery net order value growth expected at 20% year on year in Q1; adjusted EBITDA margin at 5.7% of net order value.
5. Competition in quick commerce remains high; limited evidence of margin-impacting actions from Blinkit so far
6. Blinkit 3-year net order value CAGR guidance of over 60% versus Goldman Sachs estimate of 45%; stock could rerate if the company delivers closer to its own guidance.
In the quarter under review, Eternal’s revenue from operations zoomed to Rs 17,292 crore from Rs 16,315 crore in Q3 FY26, up 6 per cent QoQ. It stood at Rs 5,833 crore in the year-ago period. Revenue from operations surged 196 per cent on a YoY basis.
Its total expenses also surged to Rs 17,406 crore from Rs 6,104 crore in the comparable January-March quarter of the preceding financial year.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) for the reporting quarter came in at Rs 486 crore against Rs 368 crore in Q3 FY26, up 32.1 per cent QoQ. EBITDA margin was 2.8 per cent in Q4 FY26 vs 2.3 per cent in Q3 FY26, up 55 bps QoQ.
- PAT – Rs 174 crore in Q4 FY26 vs Rs 102 crore in Q3 FY26, up 70.6% QoQ
- Revenue- Rs 17292 crore in Q4 FY26 vs Rs 16315 crore in Q3 FY26, up 6% QoQ
- EBITDA – Rs 486 crore in Q4 FY26 vs Rs 368 crore in Q3 FY26, up 32.1% QoQ
- EBITDA Margin – 2.8% in Q4 FY26 vs 2.3% in Q3 FY26, up 55 bps QoQ
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
