Eternal Q4 FY26 Results Preview: Revenue, Levels, Risks

What investors are tracking ahead of April 28

Eternal Limited (formerly Zomato) is headed into a closely watched earnings event expected on 28/04/2026. The stock was indicated near ₹255.60 on 27 Apr, 2026 at 04:01, down ₹1.15 (0.45%) in that snapshot, with heavy trading volume reported at 32,002,337 shares. Price action and estimates in the provided data show investors are balancing near-term technical levels with sharp swings in reported revenue and profits.

Stock snapshot: price, range, and recent activity

The day’s range in the provided snapshot was ₹254.65 to ₹261.27. The 52-week range was ₹212.60 to ₹368.45, showing a wide band around the current price zone. The same compilation also contains other price snapshots (including ₹236.22 as a last traded price in another section), indicating different timestamps or sources. For this preview, the key point is that the stock is trading well below the 52-week high and remains sensitive to earnings-related headlines.

Earnings timing and board meeting context

The dataset flags “Earnings: Expected on 28/04/2026” and also references a board meeting on April 28/30. The upcoming call is described as the first earnings call under new Group CEO Albinder Dhindsa. With multiple dates mentioned, investors will likely focus on the company’s official exchange filing and the eventual earnings call schedule for confirmation.

Revenue expectations and the ₹17,600 crore target

One section frames a revenue “target” of ₹17,600 crore for Q4 FY2026. The same source links this expectation to a “90% shift to an owned-inventory model,” positioning the model mix as a major driver behind the projected topline. Separately, another set of estimates shows a next-quarter revenue expectation of 155.28 billion INR, which is ₹15,528 crore, and a prior-quarter revenue figure of 135.90 billion INR, which is ₹13,590 crore.

Recent reported financials: growth vs profitability mix

The provided figures also list quarterly movements in multiple profit lines. Revenue was stated at ₹13,590.00 crore, up 89.62% QoQ from ₹7,167.00 crore, and up 183.18% YoY. Operating profit was ₹1,244.00 crore, up 13.92% QoQ from ₹1,092.00 crore, and up 85.12% YoY. Profit before tax was ₹129.00 crore, up 46.59% QoQ from ₹88.00 crore, but down 45.57% YoY, while net profit was ₹65.00 crore, up 160.00% QoQ from ₹25.00 crore, and down 63.07% YoY.

Cash flow signals: operating vs investing flows

Cash flow data included in the text highlights a gap between operating cash generation and accounting profits. Operating cash flow was reported at ₹308.0 crore, described as 0.58 times the reported net profit of ₹527.0 crore (source cited as consolidated financials). The same section says investing cash outflow was ₹7,993.0 crore, a YoY increase of 2203.46%. These numbers suggest investors may focus on the quality of earnings, cash conversion, and the scale and purpose of investing outflows.

Technical setup: support, resistance, and pattern

A technical note in the dataset points to support at ₹252 and resistance at ₹261.5. It also mentions an “ascending triangle” formation heading into results. With the day range shown as ₹254.65 to ₹261.27 in one snapshot, those technical reference points sit close to the recent trading band and could influence near-term trading behavior around the result.

Returns and longer-term context from the dataset

The “Eternal Share Price Returns” table in the text lists: 1 Day -1.67%, 1 Week 1.73%, 1 Month 9.52%, 3 Months -19.8%, 1 Year 8.76%, and 3 Years 338.66%. Another section also mentions “past returns” for 1 week at 1.41%, reinforcing that different snapshots exist. Regardless of the exact short-window number, the dataset points to recent volatility, a weak three-month window, and strong multi-year performance.

Broader market backdrop mentioned alongside the stock

The compilation also notes global markets moving away from a low-volatility regime amid geopolitical tensions and persistent inflation. It flags uncertainty around valuation sustainability in a higher-rate environment, while noting India’s relative strength but ongoing valuation concerns. In this backdrop, the emphasis shifts back to “earnings delivery,” which is relevant for a results-driven trading setup.

Key numbers table

Why this results print matters

The dataset sets up a clear checklist for the next update: whether revenue can track toward ₹17,600 crore, how profitability holds up alongside the business model mix, and what management commentary signals under a new Group CEO. The near-term technical levels around ₹252 and ₹261.5 also matter because they sit close to the cited day range and could amplify reactions to earnings headlines.

Conclusion

Eternal heads into the April 28 earnings window with the stock trading below its 52-week high and with mixed signals across growth, margins, and cash flow in the provided data. Investors will watch the reported revenue number against both the ₹17,600 crore target and the ₹15,528 crore estimate, along with commentary in the first call under the new Group CEO.