Eternal Share Price Hits 10-Month High: What Is Driving The Rally
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Eternal shares hit a 10-month high, gaining 28% in two months, supported by strong Q1 FY27 growth, higher margins and improving food delivery and quick commerce performance.
Eternal shares rose 2% to ₹331.95 on the Bombay Stock Exchange (BSE) during Wednesday’s intra-day trade, taking the stock to its highest level in 10 months. The shares last traded at this level in October 2025.
The stock remains below its 52-week high of ₹368.40, recorded on 16 October 2025. However, the recent recovery has been sharp. Eternal shares have gained 28% in the past two months. They have risen 56% from their 52-week low of ₹212.55, touched on 12 March 2026.
On 26 August 2026, at 12:30 PM, Eternal’s share price stood at ₹326.10 apiece on the BSE.
Eternal Q1 FY27 Results Support Stock Recovery
Eternal, formerly known as Zomato, opened FY27 with strong growth across its food delivery and quick commerce businesses.
The company reported a 54% year-on-year (YoY) increase in Business-to-Consumer (B2C) Net Order Value (NOV) to ₹31,120 crore in Q1 FY27. Adjusted revenue rose 173% YoY and 17% quarter-on-quarter (QoQ) to ₹20,648 crore. On a like-for-like basis, adjusted revenue growth stood at 66%.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) more than tripled YoY to ₹555 crore. Blinkit, the quick-commerce company owned by Eternal, also saw its NOV growth picking up pace, rising 19% QoQ. The quick commerce business recorded its fifth straight quarter of improvement in adjusted EBITDA, which stood at 0.6% of NOV.
Food Delivery Growth Remains Strong
Eternal’s food delivery business reported 19% YoY NOV growth in Q1 FY27, while EBITDA margin reached a record 5.5%.
The company attributed the performance to higher monthly transacting customers and better engagement. Food delivery GOV growth also accelerated across major platforms during the quarter. Food delivery continues to operate as a duopoly, with user penetration, order frequency and monetisation supporting growth.
Quick commerce, however, faces stronger competition. Multiple players continue to expand their networks and spend on customer acquisition, keeping competitive intensity high in the near term.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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