Eternal Share Price Hits 52-Week High; Market Cap Surpasses ₹3 Lakh Crore, Overtakes ONGC and Defence Stock BEL

Benchmark Indices Trade Marginally Higher

The key Indian benchmark indices – Nifty and Sensex – were trading marginally higher as of 1:37 PM on August 14, 2025. Among the top-performing stocks in the Nifty 50 index was Eternal (formerly known as Zomata).

Eternal’s Share Price Performance

Eternal’s share price gained 1.65% and was trading close to its 52-week high of ₹317.70 on the NSE. The stock contributed about 8 points to the Nifty 50’s gains on Thursday.

So far in 2025, Eternal share price has rallied approximately 14.5%, outperforming the Nifty 50’s 4.23% rise during the same period.

Market Capitalisation Milestone

With the 2025 rally, Eternal’s market capitalisation crossed the ₹3 lakh crore mark and currently stands at ₹3.06 lakh crore. This achievement pushed Eternal ahead of ONGC – a Maharatna and India’s largest crude oil and natural gas company – and Bharat Electronics Limited (BEL), a Navratna DPSU established in 1954 under the Ministry of Defence to meet the electronic equipment requirements of the defence sector.

Strong Q1FY26 Performance

For the quarter ended June 30, 2025, Eternal Limited reported a robust performance:

• Consolidated Adjusted Revenue: ₹7,563 crore, up 67% YoY
• B2C NOV: ₹20,183 crore, up 55% YoY, with quick commerce surpassing food delivery in scale for the first time

Segment Highlights

• Quick Commerce: NOV surged 127% YoY with 243 new store additions
• Going-out Segment: Achieved ₹8,000 crore annualised NOV, up over 30% YoY
• Hyperpure B2B: Revenue rose 89% YoY, though a temporary dip is expected due to the planned shift from a marketplace to an inventory-led model, aimed at expanding margins by about 1 percentage point over time

Margins and Profitability

Adjusted EBITDA fell 42% YoY to ₹172 crore due to ongoing investments in growth segments. However, food delivery margins improved to 5% of NOV.