Eternal Ltd, the parent company of Zomato and Blinkit, witnessed a major secondary market transaction on Monday, with 5.3 crore shares—around 0.54% of its equity—traded at ₹290.4 each, totaling approximately ₹1,535 crore. Despite an initial intraday gain, Eternal’s stock later fell 4% from its day’s high, reflecting mixed investor sentiment following its latest earnings report.
Stock Performance Highlights
Following the block deal, Eternal shares briefly rose 1.7% to ₹297.35, only to decline to ₹285.75 later in the day. Year-to-date, the stock is up 7.32% but has fallen nearly 5% over the past 12 months. The stock also recorded a 12% decline in the past three months and a 5.6% drop over the last month. Eternal’s 52-week high was ₹368.40 in October 2025, while the low stood at ₹189.60 in April 2025.
Institutional Trades Continue
Monday’s block deal adds to a series of significant institutional transactions this year. In mid-November, nearly 90 lakh shares worth ₹279.25 crore were traded, while June saw 60.93 lakh shares changing hands for ₹156 crore. Analysts note that such deals reflect sustained institutional interest in Eternal, driven in part by Blinkit’s rapid growth and expansion.
Q2 FY26 Earnings: Revenue Up, Profit Falls
Eternal’s Q2 FY26 results painted a mixed picture. Consolidated net profit dropped 63% year-on-year to ₹65 crore, whereas revenue soared 183% to ₹13,590 crore, largely supported by Blinkit’s expanding operations. Last year, the company posted a ₹176 crore profit in the same quarter.
The company, which rebranded as Eternal in March 2025, attributed the year-on-year profit decline to acquisitions, including Orbgen Technologies Pvt Ltd and Wasteland Entertainment Pvt Ltd, and noted that comparisons are not strictly comparable. Additionally, muted discretionary spending, the rise of quick commerce, and volatile weather patterns posed challenges for Zomato’s food delivery net order value (NOV).
Blinkit Receives Continued Capital Infusion
Eternal has invested aggressively in Blinkit, adding ₹600 crore earlier this month, following ₹500 crore in January and ₹1,500 crore in February. These funds are aimed at expanding the network, covering operating losses, supporting working capital, and enabling capital expenditure.
As institutional activity remains high and Blinkit continues to scale, Eternal’s stock is under close watch by investors tracking India’s evolving digital consumption landscape.