Shares of Eternal opened sharply higher at ₹263.30 today — up 4.04% from the previous close of ₹253.07 — with 65% buy dominance on the order book and volumes of over 18.95 lakh shares in the first two minutes of trade. The stock had fallen nearly 4% ahead of results on Tuesday before recovering to close 1% higher — and today’s gap-up reflects the market digesting what was a genuinely strong set of numbers.
Eternal’s Q4 FY26 profit rose almost 4.5 times to ₹174 crore against ₹39 crore a year ago, while revenue from operations surged 196.4% to ₹17,292 crore. Consolidated adjusted EBITDA increased 160% YoY to ₹429 crore and grew 18% QoQ from ₹364 crore in Q3 FY26.
The number that has most excited the market is the Blinkit CEO’s guidance. Albinder Dhindsa said Blinkit’s NOV grew at a 104% CAGR between FY23 and FY26, and that over the next three years, NOV growth CAGR should easily be north of 60% — translating to the business growing to more than four times its current scale in three years. Blinkit added 216 net new stores in the quarter, taking total store count to 2,243, and posted adjusted EBITDA of ₹37 crore.
The biggest overhang — the LPG crisis — turned out to be a non-event. Eternal’s management said there is no meaningful impact from the recent LPG shortage, noting that when supply disruptions happen, demand redistributes across the platform rather than disappearing.
In FY26, 109 million Indians completed transactions worth over $10 billion through Blinkit, District and Zomato.