Daijiworld Media Network – Mumbai

Mumbai, Jul 24: Shares of Eternal Ltd. scaled a fresh 52-week high on Wednesday, extending a remarkable four-day rally that saw the stock jump 15% — driven by its impressive first-quarter earnings and bullish sentiment among investors.

On Wednesday alone, the stock gained nearly 4%, touching a lifetime high on the back of strong revenue growth and improving operational performance, particularly in its flagship verticals Blinkit (quick commerce) and Hyperpure (B2B supply chain).

The rally was largely sparked by the company's Q1 results announced earlier this week, with a 14% spike recorded on July 22, just a day after the earnings release.

According to official data, Eternal reported a 23% quarter-on-quarter rise in revenue, reaching Rs 7,167 crore, surpassing analyst expectations pegged at Rs 6,624 crore. Despite a 36% drop in net profit to Rs 25 crore, which missed consensus estimates, markets chose to focus on improving unit economics and the company’s long-term growth visibility.

The company’s adjusted consolidated revenue saw a 22% sequential and 70% year-on-year increase, highlighting strong traction across its digital commerce verticals. Eternal’s B2C business now clocks an annualised net order value nearing $10 billion, with Blinkit alone accounting for almost half of that figure.

Brokerage firms have responded positively, citing strong operational momentum, particularly in the company’s new-age digital segments. Investor interest continues to surge amid expectations of further expansion and narrowing losses in the coming quarters.

As the momentum builds, market watchers will closely monitor whether Eternal can sustain its trajectory in the high-growth, highly competitive quick commerce space.