ETERNAL

Online delivery firm

shares sharply rallied 7.5 percent to close at Rs 276.50 apiece on NSE. This happened after the company released its results for the first quarter of the financial year 2026. Zomato's parent company reported a 90 percent on-year drop in net profit to Rs 25 crore in Q1 FY26. Its revenue from operations however rose 70 percent on-year to Rs 7,167 crore during the quarter under review. However, positive management commentary led to Eternal's shares hit five-month high on July 21. Eternal said that Q1 marked the first quarter where Blinkit's net order value (NOV) surpassed that of Zomato. "On an annualized basis, we are now at almost $10 billion of annual NOV across our B2C businesses and quick commerce is now our largest B2C business contributing to almost half of this annualized NOV," said Eternal CFO Akshant Goyal.