Eternal Ltd
Eternal Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Quick commerce (Blinkit) is expected to sustain strong growth with Year-on-Year (YoY) Net Order Value (NOV) growth above 100% for the next 1-2 years; recent QoQ growth noted at 137%. Quick commerce growth: Expected to remain strong with year-on-year NOV growth above 100% for the next 1-2 years, supported by aggressive store expansion to 3,000 stores by FY27 (Page 10-11).
From Eternal Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Quick commerce (Blinkit) is expected to sustain strong growth with Year-on-Year (YoY) Net Order Value (NOV) growth above 100% for the next 1-2 years; recent QoQ growth noted at 137%.
- Geographic footprint currently covers about 20% of the targetable retail market; expansion plans to increase number of stores from ~2,100 (Dec quarter) to 3,000 by March 2027 for incremental growth.
- Mature cities contribute substantially to growth; no material change in growth trends reported for top mature cities.
- Food delivery segment is expected to see a slow uptick in growth with medium-term target of 20%+ YoY growth; in near term, growth may remain subdued due to macro factors and focus on quick commerce growth.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Eternal Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is taking a conservative approach to geographic expansion due to substantial supply chain and footprint-building costs. They plan to expand cautiously, learning from initial proof points like the single store in Asansol before scaling further.
- Store addition is a key focus, with plans for approximately 2,100 stores by December and 3,000 by March 2027. Expansion priorities will depend on market opportunities, internal bandwidth, and efficiency improvement.
- Most store additions (~70-75%) continue in the top 10 cities, with limited expansion into smaller cities due to backend warehousing cost considerations.
2 more points management made on capital expenditure plans
Top-ranked in Retailing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Eternal Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Eternal Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹17.3K Cr, net profit ₹174 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Eternal Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Eternal Ltd Q2 FY26 results?
Quick commerce (Blinkit) is expected to sustain strong growth with Year-on-Year (YoY) Net Order Value (NOV) growth above 100% for the next 1-2 years; recent QoQ growth noted at 137%. Quick commerce growth: Expected to remain strong with year-on-year NOV growth above 100% for the next 1-2 years, supported by aggressive store expansion to 3,000 stores by FY27 (Page 10-11).
What is Eternal Ltd share price analysis?
Eternal Ltd currently shows a neutral. The stock trades at a P/E of 709.9 with a market cap of ₹307,364 Cr. Investors should review the full earnings analysis for detailed insights.
Is Eternal Ltd planning capital expenditure?
The company is taking a conservative approach to geographic expansion due to substantial supply chain and footprint-building costs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.