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Eternal's Q2 Triumph: Profit Leaps, Brokerages Bullish
22 Oct
Summary
- Eternal's Q2 net profit surged 92% year-on-year to ₹125 crore.
- Revenue climbed an impressive 77.6% year-on-year to ₹24,138 crore.
- Brokerages maintain a 'Buy' rating, raising target prices significantly.
Eternal, the parent entity of Zomato and Blinkit, announced a stellar performance for the second quarter of fiscal year 2026-27 (Q2FY27). The company's net profit surged by 92% year-on-year, reaching ₹125 crore. This significant increase was primarily fueled by the strong contributions from its food delivery and quick commerce operations.
Revenue for the quarter demonstrated remarkable growth, escalating by 77.6% year-on-year to ₹24,138 crore. Consolidated adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) also saw a substantial leap of 197% year-on-year. These impressive financial results have led brokerages to maintain a bullish outlook.
Following the Q2FY27 disclosure, analysts from Emkay and Nirmal Bang have reiterated their 'Buy' ratings on Eternal's stock. Both firms have raised their respective target prices, reflecting confidence in the company's strategic initiatives and market position, particularly in the quick commerce sector.
