Eternal Share Price Up Nearly 8% as Blinkit Overtakes Zomato Despite 90% Profit Drop

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Eternal Ltd (NSE: ETERNAL) surged nearly 8% intraday on Monday before settling 5.64% higher at ₹271.70. The rally came despite a 90% plunge in Q1 FY26 net profit to just ₹25 crore. Instead of punishing the stock, investors rewarded a major shift in the company’s growth narrative, Blinkit has now officially overtaken Zomato as Eternal’s top-performing B2C business.

Blinkit Leads as Quick Commerce Revenue Surges 154%

Eternal’s topline told a different story from its bottom line. Total revenue from operations rose 70% YoY to ₹7,167 crore, driven largely by Blinkit’s strong performance. The quick commerce arm reported revenue of ₹2,400 crore, up 154% from ₹942 crore a year earlier. Food delivery, led by Zomato, posted ₹2,261 crore in revenue, a modest 16% YoY increase.

This was the first quarter where Blinkit’s net order value surpassed that of Zomato. On an annualized basis, we’re now close to $10 billion in NOV across our B2C businesses, with quick commerce contributing nearly half.”
CFO Akshant Goyal said during the earnings call.

The message to the market was clear: Blinkit isn’t just a growth story, it’s the new core of Eternal’s consumer business.