ALFA Finder| EBITDA Margin guidance | 5.0% → 6.0% Raised by 1.0 percentage points |
|---|
| 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)
Earnings Call Transcript filed with NSE, NSE: ETERNAL. Summary written with AI assistance from the document.
Eternal Ltd: key numbers
- Share price
- ₹365.95
- Market cap
- ₹3,53,155 Cr
- Revenue (annual)
- ₹54,364 Cr
- Net profit (annual)
- ₹366.0 Cr
- P/E (TTM)
- 716.3×Sector 66.2×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 33.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Eternal Ltd
All →Eternal Earnings Call Transcript: Key Takeaways
Q2FY27 call disclosed no financial figures. Management held food margins flattish for 1–2 years, reinvested in quick commerce expansion, maintained the $1B FY29 Adjusted EBITDA guide, and declined to quantify key metrics.
Eternal Acquisition Worth ₹156 Cr
Eternal Ltd agreed to acquire Mygate (Vivish Technologies) for ₹156 Crore via a 16:1 Adonmo share swap. Board-approved deal is set to close by December 5, 2026.
- Value
- ₹156.0 Cr
- Execution
- On or before December 5, 2026
Eternal Merger & Restructuring Worth ₹130.8 Cr
Eternal Limited sold its India going-out business to subsidiary ZEPL for ₹130.76 Crore. The board-approved slump sale is a related-party transaction at arm's length.
- Value
- ₹130.8 Cr
- Execution
- Expected completion by 20-Nov-2026
Eternal Other Announcement
Eternal Limited submitted its Monitoring Agency Report for the quarter ended September 30, 2026, confirming that the QIP proceeds utilization aligns with the original objects.
Eternal Business Update
Eternal Ltd filed a Q2FY27 shareholders' letter under Reg 30, containing the CEO's strategy Q&A on a new AI product (dark.ai) and non-GAAP headline metrics.
Eternal Q2 FY27 Results: Net Profit ₹125 Cr, Up 92.3% YoY
Eternal Ltd reported revenue from operations of ₹24,138 Cr (+77.6% YoY) and net profit of ₹125 Cr (+92.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹125 Cr · +92.3% YoY