Devyani International on Monday reported a turnaround in Q2 earnings with ₹3.46 crore net profit for the quarter ended September 2026 as against a net loss of ₹23.95 crore in the year-ago period.
In the past six trading days, the stock price of Eternal surged 13% after the company delivered a strong performance for the July-September quarter.
Q2 growth was broad-based across channels and regions, supported by the continued strength of the Company's value offerings, menu innovation and omnichannel convenience strategy.
Swiggy's food delivery adjusted EBITDA rose ₹101 crore year-on-year to ₹341 crore in Q2FY27, while Instamart's gross order value grew 16.7 per cent sequentially to ₹9,230 crore.
Foreign portfolio investors reduced their holdings in Swiggy to 8.55% in the September 2026 quarter, down from 13.96% at the end of the June 2026 quarter, the shareholding pattern shows.
Eternal's share price hit a 11-month high of ₹339.80, gaining 1.4% on the BSE in Tuesday's intra-day deals amid heavy volume.
Devyani International, Sapphire Foods India, Jubilant FoodWorks were up 2-7% in Friday's trade.
Thus far in July 2026, the market price of Eternal and Swiggy outperformed the market, gaining 12 per cent and 11 per cent, respectively.
The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision
In the past one month, these stocks have underperformed the market by falling between 11 per cent and 13 per cent, as against 5 per cent decline in the BSE Sensex.
Investment in Restaurants Development Co will help repay debt and fund expansion, with Devyani to hold 49% stake through subsidiary DID
QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru
Meanwhile, shares of the food delivery platform companies Swiggy and Eternal (formerly Zomato) were down 3 per cent and 2 per cent, respectively on Thursday.
The stock price of Swiggy was quoting lower for the third straight trading day, falling nearly 8 per cent. The stock has now dropped below the QIP issue price of ₹375 per share.
PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.
Based on channel checks, Elara Capital analysts said the QSR universe is seeing soft demand trends in the current quarter, even after recent GST rate cuts.
The brokerage believes that TFS' ability to secure and renew airport concessions, combined with rising per-passenger spending, will support consistent growth across its QSR and lounge businesses.
SR companies continued to focus on value offerings
Driven by Domino's Pizza, standalone revenue rose 18 per cent year-on-year (Y-o-Y). Orders grew 17.3 per cent, with like-for-like sales up 11.6 per cent
The CCI had asked the distributor's body for details on relevant market share of each of the quick commerce players in the FMCG industry