Eternal Earnings Call Transcript: Key Takeaways

Eternal Limited (formerly Zomato) reported Q1FY27 earnings with strong volume growth. Management raised long-term quick commerce margin guidance, focusing on store efficiency and infrastructure over subsidies.

Eternal Ltd NSE: ETERNAL Alert sent 29 Jul 2026, 2:53 PM IST Call transcript

Guidance and delivery
EBITDA Margin guidance	5.0% → 6.0% Raised by 1.0 percentage points

Highlights
Margins	Targeting 4% GAAP EBIT and 6% Adjusted EBITDA long-term.
Demand visibility	Strong, specifically in existing cities and newer customer cohorts.
Management confidence	High; citing predictable competition and efficiency gains.

Growth

Blinkit delivered 21% QoQ volume growth; food delivery MTUs accelerated through new user acquisition and higher frequency.

Outlook

Raised long-term quick commerce Adjusted EBITDA margin guidance to 6%; Capex increased to INR 2.5 Cr per store.

Risks

Predictable but high competitive intensity from subsidies; impact of minimum wage increases on operating costs.

Last quarter's promises, checked

Delivered

Guided 3,000 stores by March → On track (= BEAT)
Guided 60% CAGR for Quick Commerce → Reaffirmed (= BEAT)
Guided 5-6% long-term margins → Reaffirmed (= BEAT)

Partly delivered

Guided 100% growth for FY27 → Now 70-80% (= PARTIAL)

Source

Earnings Call Transcript filed with NSE, NSE: ETERNAL. Summary written with AI assistance from the document.

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Eternal Ltd: key numbers

Share price: ₹335.00
Market cap: ₹3,23,287 Cr
Revenue (annual): ₹54,364 Cr
Net profit (annual): ₹366.0 Cr
P/E (TTM): 746.6×Sector 67.6×
Promoter holding: 0.00%+0.00% QoQ
FII holding: 29.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.