Eternal (Zomato) stock rises 2%, top Nifty gainer after brokerages back growth outlook despite Q1 profit miss Shares of Eternal Ltd, the parent company of Zomato, surged 2% in early trading on Thursday, reaching Rs 290.10, making it the top performer on the Nifty 50 index. The rally occurred despite a broader market decline, with the Sensex falling 0.47% and the Nifty dropping 0.43%. Investors welcomed bullish commentary from brokerages, which focused on the company’s strong execution in its food delivery and quick commerce segments, as well as improving profitability at Blinkit, its hyperlocal delivery arm. Eternal reported a consolidated net profit of Rs 92 crore for the first quarter of FY27, significantly below the CNBC-TV18 poll estimate of Rs 335 crore. This marked a 47% sequential decline from Rs 174 crore in the previous quarter but represented a more than threefold increase from Rs 25 crore in the same period a year earlier. Despite the profit miss, revenue growth remained robust, with consolidated revenue hitting Rs 20,211 crore—exceeding the estimated Rs 19,850 crore. This represented a 17% sequential rise from Rs 17,292 crore and a more than doubling of revenue compared to Rs 7,167 crore in the corresponding quarter of FY26. Brokerages emphasized that the company’s performance in key business lines outweighed the profit shortfall. They highlighted a 22% quarter-on-quarter increase in EBITDA to Rs 594 crore, with the EBITDA margin improving marginally to 2.9% from 2.8%. Analysts noted that Blinkit’s profitability was a key factor in the positive outlook, citing accelerating growth and disciplined execution. Additionally, management expressed confidence that competitive intensity in the quick commerce sector remains manageable, with expectations of further margin improvements for Blinkit in the medium term.#sensex #nifty_50 #zomato #blinkit #eternal_ltd
