Eternal Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Mid Cap

Shares of Eternal, the parent company of Zomato, declined 1.21%, while Swiggy slipped 0.7% during the session.

The weakness follows reports that the LPG shortage could force some restaurants and eateries to temporarily shut operations or reduce menu offerings if the situation continues.

India is facing an LPG shortage due to West Asia conflict?linked disruptions in fuel shipments through the Strait of Hormuz, prompting the government to prioritise LPG and CNG supply under the Essential Commodities Act.

Market participants said prolonged supply constraints may strain restaurant operations and could affect order volumes for food delivery platforms in the near term.

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Zomato Netherlands B.V., a step-down subsidiary of Eternal (formerly known as Zomato) has been dissolved with effect from 27 January 2026. The Company received communication confirming the same yesterday, i.e., 05 February 2026.

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Profit before tax (PBT) jumped 37.1% YoY to Rs 170 crore during the quarter.

Adjusted revenue grew 190% YoY (19% QoQ) to Rs 16,692 crore, However, on a like-for-like basis, growth was 64% YoY, with the difference largely reflecting the accounting shift to inventory ownership in quick commerce, under which revenue now includes the full value of goods sold rather than only marketplace commissions.

Adjusted EBITDA stood at Rs 364 crore in Q3 FY26, registering the growth of 27.72% compared with Rs 285 crore posted in corresponding quarter last year.

In food delivery business, adjusted revenue increased 26.5% YoY to Rs 3,053 crore in Q3 FY26. Net order value (NOV) jumped 16.6% YoY to Rs 9,846 crore during the quarter. In his letter to shareholders, Deepinder Goyal attributed the stronger growth primarily to a modest improvement in the demand environment, especially during the second half of the quarter which led to higher app opens and consequently higher-than-expected order volumes. Growth was also supported by the full-quarter impact of the reduction in the minimum order value for free delivery on Gold orders to Rs 99 from Rs 199, which boosted ordering frequency among more budget-conscious customers. The company expects year-on-year growth to gradually move closer to 20% over time.

In quick commerce business, adjusted revenue surged 776.1% YoY to Rs 12,256 crore in Q3 FY26, On a like-for-like (LFL) basis, quick commerce revenue grew 153% YoY (13% QoQ) in Q3FY26. NOV soared 120.9% YoY to Rs 13,300 crore during the quarter.

The company, however, fell short of its store rollout guidance by around 70 stores against a target of 2,100 stores for the quarter. This was primarily due to extended pollution-related restrictions in its largest city, which slowed construction and store fit-outs for several weeks and continue to remain in effect. During Diwali and surrounding weeks, the operations team had to prioritise managing record order volumes over opening new stores.

The company stated that the stores not opened in Q3 will be commissioned in Q4 and reaffirmed that it remains on track to reach 3,000 stores by March 2027.

Going-out NOV grew 20% YoY to Rs 2,587 crore, whereas Adjusted EBITDA margin (as a % of NOV) declined to -4.7% resulting in an Adjusted EBITDA loss of Rs 121 crore in the quarter as against Rs 63 crore in Q2FY26, driven by continued investments in category creation.

The company expects losses to reduce from here sequentially towards breakeven in the next 4-6 quarters. As mentioned earlier, it thinks District can become a $3 billion NOV business with 5% Adjusted EBITDA margin by FY30.

Hyperpure, the restaurant supply business continued to grow steadily at 33% YoY (7% QoQ) with total Adjusted EBITDA margin turning positive for the first time resulting in an Adjusted EBITDA profit of Rs 1 crore as compared to loss of Rs 5 crore in the previous quarter.

Meanwhile, the company?s board accepted the resignation of Deepinder Goyal, managing director & chief executive officer, with effect from 1 February 2026. Following this, the board approved the appointment of Albinder Singh Dhindsa (currently, CEO of Blinkit) as chief executive officer with effect from 1 February 2026.

Eternal, an Indian multinational technology company, is the parent company of Zomato, Blinkit, District and Hyperpure.

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Securities in F&O Ban:

Bandhan Bank and Sammaan Capital shares are banned from F&O trading on 22 January 2026.

Result Today:

Aditya Birla Sun Life AMC, Adani Energy Solutions, Alivus Life Sciences, APL Apollo Tubes, Adani Total Gas, Bandhan Bank, BlueStone Jewellery and Lifestyle, Borana Weaves, Computer Age Management Services, Cigniti Technologies, Coforge, Cyient, DLF, Go Digit General Insurance, Gujarat State Petronet, Home First Finance Company India, Ideaforge Technology, IIFL Finance, Indian Bank, InterGlobe Aviation, Infobeans Technologies, Le Travenues Technology, Mphasis, Orient Electric, Premier Energies, Radico Khaitan, Steel Strips Wheels, Syngene International, Tanla Platforms, Ujjivan Small Finance Bank, V‑Mart Retail, Zee Entertainment Enterprises, Zensar Technologies will announce their quarterly earnings today.

Stocks to Watch:

Eternal reported a 72.9% jump in consolidated net profit to Rs 102 crore on 201.9% surge in revenue from operations to Rs 16,315 crore in Q3 FY26 over Q3 FY25.

Bajaj Consumer reported a 83.2% surge in consolidated net profit to Rs 46.4 crore on 30.6% increase in revenue from operations to Rs 306 crore in Q3 FY26 over Q3 FY25.

Dr Reddys Laboratories reported 14.4% decline in consolidated net profit to Rs 1,210 crore on 4.4% increase in revenue from operations to Rs 8,753 crore in Q3 FY26 over Q3 FY25.

KEI Industries reported a 42.5% surge in consolidated net profit to Rs 235 crore on 19.5% jump in revenue to Rs 2,955 crore in Q3 FY26 over Q3 FY26.

PNB Housing Finance reported a 7.7% increase in consolidated net profit to Rs 520 crore on 9.1% rise in total income to Rs 2,121 crore in Q3 FY26 over Q3 FY25.

Anant Raj has reported 30.8% jump in consolidated net profit to Rs 144 crore in Q3 FY26 from Rs 110 crore in Q3 FY25. Revenue increased by 20% year-on-year (YoY) to Rs 642 crore in Q3 FY26.

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