Eternal plans to accelerate Blinkit's store rollout to 3,500 outlets by FY27-end, backed by strong order growth, while stable food delivery margins and AI bets shape its outlook.
The net profit of Eternal for the second quarter of financial year 2026-27 (Q2FY27) rose 92 per cent year-on-year (Y-o-Y) to ₹125 crore, compared to ₹65 crore in Q2FY26.
Eternal founder Deepinder Goyal plans to launch dark.ai, a privacy-focused AI assistant for founders, researchers, businesses and governments, globally by the end of 2026
Eternal will exchange its entire Adonmo stake for Mygate shares valued at Rs 156 crore and transfer its going-out India business to a subsidiary for Rs 130.76 crore
Eternal founder Deepinder Goyal says Dark.AI will offer encrypted conversations and user-controlled memory, while AI agents pose limited risks to Zomato and Blinkit
Eternal's Q2 net profit surged 92.3% to ₹1.25 billion but missed analyst estimates of ₹2.71 billion as rising costs weighed, even as revenue jumped 77.6% on strong Blinkit growth.
Temple, the wearable from Deepinder Goyal, is set to enter the market soon with a pill shaped design that tracks brain blood flow and monitors changes in real time in attempt to extend healthy life
Motilal Oswal Wealth Management Research Desk is bullish on QC platforms in 2QFY27 with improving growth momentum, as competitive intensity moderates and demand benefits from festive seasonality.
AI agents could soon handle shopping decisions and transactions for consumers, forcing ecommerce, travel, and insurance platforms to rethink pricing, customer engagement, and security
Social media users have reported the cash-on-delivery fee going up to ₹20 in some locations, adding another charge for customers who choose to pay for their food orders in cash
Healthy dishes now account for 7.5% of orders on Zomato, up from 5.3% two years ago, with users below 25 recording faster growth in adoption than older customers
The affected employees work through third-party service providers as Zomato increasingly adopts AI and automation for customer support through its in-house Nugget platform
Food delivery platform delists dishes declared as containing analogue dairy and says restaurant partners that remain non-compliant will also be removed
The platform has ordered restaurants to verify ingredient labels and remove analogue dishes as regulators intensify scrutiny over food safety and labelling
Bernstein has, however, held on to some of the stocks in its earlier focus list - Larsen & Toubro (L&T), NTPC Axis Bank, HDFC Bank, Nuvama and HomeFirst.
