Eternal set to announce Q2 results as brokerages project strong growth and wider profit margins

Eternal, the parent company of Zomato and Blinkit, will announce its financial results for the September quarter on Wednesday, October 21. Domestic brokerages expect the company to report improved profit margins, higher market share, and rapid store openings.

Growth Projections

Motilal Oswal expects net order value to grow 21.7% year-on-year for the food delivery business and 80% for Blinkit. The firm projects Zomato's food delivery take rate at 21.5% and Blinkit's gross profit margin at 27%. HDFC Securities estimates Zomato's adjusted revenue will reach ₹3,490 crore, up 22% from last year. For Blinkit, HDFC expects net order value and adjusted revenue to rise by 17.1% and 17.8% respectively.

Financial Estimates

Motilal Oswal forecasts net profit to jump to ₹392.8 crore, marking a 504.3% year-on-year and 326% quarter-on-quarter increase. HDFC Securities projects adjusted profit after tax to reach ₹293.2 crore, which is a 351.1% yearly jump driven by better operating performance. Key trends to watch include overall net order value growth, margin paths, and the level of competition in the sector.

Stock Performance

Eternal shares have continued to trade higher despite wider market weakness, posting modest gains in October after hitting a one-year high last month. The stock delivered 44% returns between April and August. After losing momentum in 2025 following two years of multibagger returns, the stock has risen 15% so far in 2026.

Context

Corporate earnings reports give investors a clear picture of how well a major company is performing financially over a three-month period. Brokerage firms study these business numbers and market trends closely to provide profit forecasts and stock outlooks for the public.