Both companies announced their April-June quarter results for FY27, showing mixed performance across key metrics. Eternal delivered strong financial results with consolidated net profit surging 268% year-on-year to ₹92 crore, though this represented a 47.1% decline sequentially from the previous quarter. The company's consolidated revenue from operations jumped 182% YoY to ₹20,211 crore, driven primarily by the transition to the 1P model in quick commerce business, which now includes full value of goods sold compared to Q1FY26 marketplace commissions. Swiggy showed improved profitability with consolidated net loss narrowing to ₹791 crore from ₹1,197 crore year-on-year, while revenue grew 37% YoY to ₹6,812 crore, driven by strong quick-commerce momentum. The company's adjusted EBITDA loss narrowed to ₹650 crore compared to ₹945 crore in the corresponding period last year.
Eternal shares gained 2.11% to ₹316.90 in early Thursday trading, marking strong performance that reflects the market's positive reception of the company's financial turnaround and strategic corporate disclosures. The stock, a constituent of the Nifty 50 index, opened strong and continued its upward momentum from previous sessions. According to Moneycontrol, this movement positions the stock among the gainers in today's session, with the stock's recovery following its earlier performance where it was trading 1.69% higher at ₹303.50 on Monday, with the stock turning positive for the year and up 8% overall. Swiggy shares have recovered from daily lows, currently trading marginally higher at ₹286.40, though the stock remains 27% down for the year.
The company has demonstrated remarkable financial transformation over the past four years, with consolidated revenue witnessing a sharp rise from ₹4,192.40 crore in March 2022 to ₹54,364 crore in March 2026. Eternal's net profit turned positive from a loss of ₹1,222.80 crore in March 2022 to a profit of ₹366 crore in March 2026, representing a positive swing of ₹1,588.80 crore in profitability over the period. The company's EPS improved from -1.67 in 2022 to ₹0.40 in 2026, while book value per share increased from ₹21.59 to ₹33.71 over the same period. The company maintains a debt-to-equity ratio of 0.00, indicating a strong balance sheet position. Quarterly performance shows consistent growth with revenue increasing from ₹7,167 crore in June 2025 to ₹20,211 crore in June 2026, while net profit surged from ₹25 crore to ₹92 crore during the same period.
The companies are pursuing contrasting strategies to attract price-sensitive consumers while maintaining core business positioning. Swiggy has launched Toing, a dedicated meals app targeting affordability through its existing restaurant and delivery ecosystem, with two out of every three new Toing users either new to Swiggy or previously dormant customers. The company has expanded Toing to about 50 cities and operates on its existing logistics network, limiting incremental infrastructure costs. Eternal, however, is investing in Bistro by Blinkit, a separate vertically integrated food business that redesigns kitchen operations and supply chains to prepare low-priced meals. Founder Deepinder Goyal stated that affordability alone is not enough, emphasizing that "What we are spending energy on is Bistro—which is our answer to the question these platforms are pretending to solve." Swiggy's food delivery gross order value rose 17.4% to ₹9,490 crore in the June quarter, while Eternal's net order value grew more than 20% to ₹10,769 crore, its fourth straight quarter of accelerating growth.
Eternal has announced several corporate actions recently, including the filing of a notice convening its 16th Annual General Meeting (AGM) to be held on August 26, 2026. The company has also submitted its annual report and earnings call transcript from the conference call held on July 22, 2026 to the exchanges. With the stock currently trading at ₹316.90, Eternal's performance aligns with the overall positive market sentiment surrounding the stock. The company's strong financial trajectory, from turning profitable in FY26 with ₹366 crore net profit to maintaining growth momentum, positions it well for continued expansion in the competitive quick-commerce and food delivery markets.
