Eternal Ltd, the parent company of Zomato and Blinkit, grabbed market attention on Monday as a large block deal worth ₹1,535 crore was executed. Around 5.3 crore shares changed hands at ₹290.4 per share, representing roughly 0.54% of the company’s total equity. The deal marked one of the biggest secondary-market transactions for Eternal in recent months.
Following the block sale, Eternal’s stock initially surged to an intraday high of ₹297.35, showing positive momentum. However, it later retreated to close near ₹285.75, reflecting a drop of about 4% from the day’s peak. This swing highlighted the market’s cautious sentiment amid heavy institutional selling.
This latest transaction is part of a broader trend of large institutional share movements in Eternal over the past year. In mid-November, nearly 90 lakh shares were sold in a block deal, and in June, another 61 lakh shares were traded. Such repeated activity underscores investors’ attention on the company’s stock despite its high-profile operations in food delivery and quick commerce.
On the financial front, Eternal reported mixed results for the second quarter of FY26. Revenue jumped 183% year-on-year to ₹13,590 crore, driven mainly by Blinkit’s expansion. Yet, net profit fell sharply by 63% to ₹65 crore compared with ₹176 crore in the same quarter last year. The company attributed the decline partly to recent acquisitions and the ongoing investment push into its quick-commerce business.
Eternal also issued a cautious outlook for its food-delivery segment. The company noted that growth in Zomato could slow due to weakening discretionary spending, rising competition from quick-commerce rivals, and unpredictable weather patterns.
Meanwhile, Eternal has been actively supporting Blinkit, injecting ₹2,600 crore in 2025 alone to fund expansion, cover operating losses, and maintain working capital.
With substantial block sales, a notable drop in profitability, and uncertain near-term growth prospects despite strong revenue growth, Eternal remains under close investor scrutiny. The company’s stock movements and institutional activity are likely to continue attracting attention in the coming months.
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