Eternal Shares at Record High Before Q2FY26 Earnings; Here’s What Analysts Expect

On Thursday, the Eternal share price reached a new all-time high of Rs 360.85 on the NSE, as the company is set to announce its Q2FY26 results. This follows a 61% surge in the past six months, which saw the stock touch an all-time high recently. Investors and analysts are closely watching the event, given the company’s ongoing expansion efforts and recent strategic moves.?

Shares at All-Time High

Eternal’s stock recently surged to a new peak of Rs 360.85, showcasing robust momentum especially in the Quick Commerce space. Over the past year, the stock delivered around 31% gain, outperforming the Nifty 50 Index. Currently, the company’s market capitalization stands at approximately Rs. 3.45 lakh crore.?

Q2FY26 Results: Market Expectations

Eternal is expected to declare its Q2FY26 results today, with an earnings call scheduled post-market hours. As per the CNBC TV18 poll, the Consensus estimates suggest that net profit will decline to Rs 139 crores, down 21% YoY. Whereas its revenue is expected to reach Rs 7,963 crores, a 66% rise YoY. 

As per JM Financial, Blinkit is expected to add 200 to 250 dark stores each quarter, ensuring around 2,000 operational stores by the end of December 2025 and 300 stores by the end of FY27. Further, it is expected that Zomato to report improvement in NOV on a YoY basis in Q2FY26.

Q1FY26 Financial Highlights

In Q1FY26, Eternal delivered consolidated revenue of Rs 7,167 crore, a jump of 70% YoY, but net profit fell sharply by 90% YoY to Rs 25 crore due to heavy investments in quick commerce and new verticals like out-of-home dining. Adjusted EBITDA slipped 42% YoY to Rs 172 crore, but the cash balance reached Rs 18,857 crore, confirming robust liquidity for ongoing capex plans.?

Analyst Outlook

Analysts anticipate strong revenue momentum in Q2FY26, fuelled by Blinkit and Hyperpure, with GMV and topline growth highlighted by Kotak Institutional Equities. Further, SMC Global Securities mentioned that despite the company’s transition to an inventory-led model and improving efficiency, the margin and profitability may come under pressure.

Conclusion

Eternal’s shares have outperformed, reaching historic highs ahead of the Q2FY26 results. The company is executing multiple growth initiatives, and despite near-term profit compression, analysts generally expect strong revenue growth and are optimistic about long-term prospects based on recent management commentary and strategic developments. Investors will closely track today’s results and subsequent commentary for clarity on execution and forward guidance.?