Eternal hits record high on strong Q1 growth in quick commerce segment.

Eternal zoomed 10.27% to Rs 299.05 after its quick commerce business, Blinkit, surpassed the food delivery segment in revenue during Q1 FY26.

Blinkit's revenue soared 155% year-on-year to Rs 2,400 crore, while the food delivery business posted a 16.43% YoY increase to Rs 2,261 crore in Q1 FY26.

Eternal reported a 90.12% decline in consolidated net profit to Rs 25 crore despite a 70.4% jump in revenue from operations to Rs 7,167crore in Q1 FY26 over Q1 FY25.

Profit before tax (PBT) dropped 63.18% to Rs 88 crore from Rs 239 crore in Q1 FY25.

Net order value (NOV) of the companys B2C businesses grew 55% YoY to Rs 20,183 crore in Q1FY26. The companys B2B business Hyperpures revenue grew 89% YoY. It expects de-growth in this business in the next few quarters.

In food delivery business, revenue jumped 16.43% YoY to Rs 2,261 crore. Adjusted revenue jumped 18% YoY to Rs 2,657 crore during the quarter while adjusted EBITDA surged 138% to Rs 451 crore in Q1 FY26 as against Rs 313 crore in Q1 FY25.

NOV jumped 13% YoY to Rs 8,967 crore in Q1 FY26. Average monthly transacting customers increased 12.81% to 22.9 million in Q1 FY26 as against 20.3 million in Q1 FY25.

Revenue from the quick commerce business jumped 154.78% year-on-year, with adjusted revenue rising 155% to Rs 2,400 crore during the quarter. NOV grew 127% YoY to Rs 9,203 crore, driven by a 123% YoY growth in average monthly transacting customers (MTC) from 7.6 million to 16.9 million over the past year.

Average order value stood at Rs 669 in Q1 FY26, up 7.06% compared with Rs 625 in Q1 FY25. The company added 243 net new stores this quarter, taking store count to 1,544 stores by the end of the quarter. The company remains on track to reach 2,000 stores by Dec 2025

Deepinder Goyal, CEO of the company, stated that the going-out business has become a Rs 8,000 crore annualized NOV business (Q1FY26 NOV) which is about 20% of the size of food delivery and quick commerce businesses. And, on a like for like basis, growing at more than 30% YoY.

Of the Rs 370 crore capex incurred in Q1FY26, around Rs 310 crore was on account of the expansion of our quick commerce store and warehouse network (the Rs 310 crore figure seems high in the context of the 243 net new stores added since it also includes certain payouts for expansion executed in the previous quarter). The balance Rs 60 crore of capex was incurred largely towards investments in Bistro kitchens and for the usual IT hardware and other requirements across our businesses, the company stated in regulatory filing.

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

The counter hit an all-time high at Rs 311.60 in intraday today.

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