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Eternal Q2 Profit Misses Estimates But Revenue And EBITDA Beat Expectations
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CNBC TV18•21-10-2026, 16:02
Eternal Q2 Profit Misses Estimates But Revenue And EBITDA Beat Expectations
- •Eternal reported a 92.3 percent year-on-year increase in consolidated profit after tax to Rs 125 crore for the September quarter, falling short of the Rs 250 crore estimate.
- •Revenue from operations rose 77.6 percent year-on-year to Rs 24,138 crore, beating expectations, while EBITDA reached Rs 752 crore with a 3.1 percent margin.
- •The food delivery business recorded a 21 percent year-on-year growth in net order value, outperforming market expectations of 18 to 20 percent.
- •Blinkit saw its quick-commerce net order value surge by 79 percent year-on-year, and the company plans to expand to 5,000 dark stores by March 2028.
- •Eternal's total cash balance stood at Rs 16,475 crore at the end of the quarter, reflecting a decrease driven by festive season inventory build-up.
Key Questions Answered
Eternal reported a 92.3% year-on-year increase in consolidated profit after tax to ₹125 crore for the September quarter of FY27, which fell short of analyst estimates. Meanwhile, revenue from operations rose 77.6% year-on-year to ₹24,138 crore, beating expectations.
Eternal added 308 net new dark stores during the September quarter, bringing Blinkit's total count to 2,751 stores. The company plans to cross 3,500 stores by March 2027 and reach approximately 5,000 stores by March 2028.
Eternal's food delivery business registered a 21% year-on-year growth in net order value during Q2 FY27, surpassing poll expectations. Sequential food delivery revenue increased by 9.5% to ₹3,396 crore, while its EBITDA reached ₹647 crore.
