{"id":325632,"date":"2026-10-23T16:21:00","date_gmt":"2026-10-23T10:51:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325632"},"modified":"2026-10-23T16:21:00","modified_gmt":"2026-10-23T10:51:00","slug":"swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/","title":{"rendered":"Swiggy vs Eternal Shares Compared: Which Is the Better Stock After Q2 FY27 Results as Blinkit Profit Meets Instamart Loss?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Swiggy vs Eternal shares moved in opposite directions on 23 Oct 2026: Swiggy closed near Rs 176, down 16.75%, after reporting a Q2 FY27 net loss of Rs 922 crore, while Eternal rose 4.25% to about Rs 317.40 after a net profit of Rs 125 crore. Eternal&#8217;s revenue grew 77.6% and Swiggy&#8217;s grew 36%. Eternal&#8217;s Blinkit earned an adjusted EBITDA of Rs 184 crore, while Swiggy&#8217;s Instamart lost Rs 895 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Swiggy vs Eternal shares after Q2 FY27 shows a clear gap in profitability, since Eternal made a net profit of Rs 125 crore and Swiggy made a net loss of Rs 922 crore. Eternal also grew faster, with revenue up 77.6% against 36% for Swiggy, and its quick commerce arm Blinkit turned adjusted EBITDA positive. Swiggy&#8217;s food delivery business is improving, but Instamart losses keep the overall picture weak, so the better stock depends on your risk appetite and not on one answer for everyone. This is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>Swiggy vs Eternal shares is a comparison investors make often, since both run food delivery and quick commerce in India and both are listed. The Q2 FY27 results have widened the gap in how the market values them in Swiggy vs Eternal shares, and the share price moves on 23 Oct show it clearly.<\/p>\n<p>This article on Swiggy vs Eternal shares covers the share prices, the Q2 FY27 scorecard, food delivery, quick commerce, valuation, brokerage views and risks. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Swiggy_vs_Eternal_Shares_Price_Reaction_on_23_Oct_2026\" title=\"Swiggy vs Eternal Shares: Price Reaction on 23 Oct 2026\">Swiggy vs Eternal Shares: Price Reaction on 23 Oct 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Q2_FY27_Scorecard_Swiggy_vs_Eternal_Shares\" title=\"Q2 FY27 Scorecard: Swiggy vs Eternal Shares\">Q2 FY27 Scorecard: Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Food_Delivery_in_Swiggy_vs_Eternal_Shares\" title=\"Food Delivery in Swiggy vs Eternal Shares\">Food Delivery in Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Quick_Commerce_in_Swiggy_vs_Eternal_Shares\" title=\"Quick Commerce in Swiggy vs Eternal Shares\">Quick Commerce in Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Valuation_Swiggy_vs_Eternal_Shares\" title=\"Valuation: Swiggy vs Eternal Shares\">Valuation: Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#What_Brokerages_Say_About_Eternal\" title=\"What Brokerages Say About Eternal\">What Brokerages Say About Eternal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Risks_in_Swiggy_vs_Eternal_Shares\" title=\"Risks in Swiggy vs Eternal Shares\">Risks in Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Which_Stock_Suits_Which_Investor_in_Swiggy_vs_Eternal_Shares\" title=\"Which Stock Suits Which Investor in Swiggy vs Eternal Shares?\">Which Stock Suits Which Investor in Swiggy vs Eternal Shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#What_to_Watch_Next_in_Swiggy_vs_Eternal_Shares\" title=\"What to Watch Next in Swiggy vs Eternal Shares\">What to Watch Next in Swiggy vs Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Which_is_better_Swiggy_or_Eternal_shares\" title=\"Which is better, Swiggy or Eternal shares?\">Which is better, Swiggy or Eternal shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Why_did_Swiggy_shares_fall_1675_on_23_Oct_2026\" title=\"Why did Swiggy shares fall 16.75% on 23 Oct 2026?\">Why did Swiggy shares fall 16.75% on 23 Oct 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Why_did_Eternal_shares_rise_after_Q2_FY27_results\" title=\"Why did Eternal shares rise after Q2 FY27 results?\">Why did Eternal shares rise after Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#How_do_Swiggy_and_Eternal_compare_in_food_delivery\" title=\"How do Swiggy and Eternal compare in food delivery?\">How do Swiggy and Eternal compare in food delivery?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#How_do_Instamart_and_Blinkit_compare\" title=\"How do Instamart and Blinkit compare?\">How do Instamart and Blinkit compare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#What_are_the_valuations_of_Swiggy_and_Eternal\" title=\"What are the valuations of Swiggy and Eternal?\">What are the valuations of Swiggy and Eternal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#What_should_investors_watch_next\" title=\"What should investors watch next?\">What should investors watch next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-vs-eternal-shares-compared-which-is-better-stock-after-q2-fy27-results-blinkit-instamart-food-delivery-valuation\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Swiggy_vs_Eternal_Shares_Price_Reaction_on_23_Oct_2026\"><\/span><strong>Swiggy vs Eternal Shares: Price Reaction on 23 Oct 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: NSE price point (about 4:12 PM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 211.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 304.45<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 204.95<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 306.10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 206.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 318.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 174.95<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 301.75<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last traded price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 176.00, down 16.75%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 317.40, up 4.25%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 13.7 crore shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.5 crore shares<\/td>\n<\/tr>\n<\/table>\n<p>The gap between the two moves on the day is about 21 percentage points (my calculation), which is unusual for two companies in the same industry. Swiggy had already fallen 5.48% on 22 Oct before its results, and its day low was about 17.2% below the previous close. Eternal, on the other hand, held a firm range after its own results, so Swiggy vs Eternal shares ended the week far apart.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Swiggy, Eternal and other consumer internet stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Scorecard_Swiggy_vs_Eternal_Shares\"><\/span><strong>Q2 FY27 Scorecard: Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: Q2 FY27 metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,571 crore, up 36% YoY and about 11% QoQ<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24,138 crore, up 77.6% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net result<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loss of Rs 922 crore, against Rs 1,092 crore a year earlier and Rs 791 crore in Q1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit of Rs 125 crore, up 92% YoY and 35.8% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adjusted EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated loss of about Rs 760 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 666 crore profit, up 197% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quick commerce<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart adjusted EBITDA loss of Rs 895 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Blinkit adjusted EBITDA profit of Rs 184 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cash balance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated in the sources I checked<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,475 crore, down from Rs 18,288 crore in Q1<\/td>\n<\/tr>\n<\/table>\n<p>Eternal&#8217;s revenue is about 3.2 times Swiggy&#8217;s (my calculation), and it is profitable at the net level, which is the first thing to note in Swiggy vs Eternal shares. Swiggy&#8217;s loss narrowed from a year ago but widened from the previous quarter, which is why the market reacted so sharply. When comparing Swiggy vs Eternal shares, the sequential direction of losses matters as much as the year-on-year change.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Food_Delivery_in_Swiggy_vs_Eternal_Shares\"><\/span><strong>Food Delivery in Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: food delivery detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Swiggy food delivery GOV<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,054 crore, up 17.7% YoY and 5.9% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Swiggy monthly transacting users<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19.8 million, up 15.2% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Swiggy food delivery adjusted EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 341 crore, or 3.4% of GOV, against Rs 240 crore a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Swiggy out-of-home consumption GOV<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,508 crore, up 34.9% YoY, profitable for a seventh quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eternal food delivery adjusted EBITDA growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 24.7% YoY, according to Emkay<\/td>\n<\/tr>\n<\/table>\n<p>Swiggy&#8217;s management called this its highest-ever food delivery profit and margin, so the core business is moving in the right direction. In Swiggy vs Eternal shares, food delivery is the area where the two companies look most alike, and Swiggy is not far behind. The market is not worried about food delivery, but about what Instamart spending does to the group, and that explains much of the gap in Swiggy vs Eternal shares.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get stock alerts and track results and brokerage calls.<\/em><\/p>\n<p><strong>Data note:<\/strong> Figures come from company results as reported by Business Standard, Upstox and IndMoney, and from brokerage notes reported on 22 Oct 2026. Metrics such as GOV and NOV are defined differently across companies, so treat cross-company comparisons as approximate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quick_Commerce_in_Swiggy_vs_Eternal_Shares\"><\/span><strong>Quick Commerce in Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: quick commerce detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy Instamart<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal Blinkit<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Order value reported<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">GOV of Rs 9,230 crore, up 16.7% QoQ; NOV of Rs 6,594 crore, up 31.4% YoY<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Order value of Rs 20,940 crore, up 79.3% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stores<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,240 dark stores after adding 69<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,751 stores after adding 308, according to Emkay<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profitability<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adjusted EBITDA loss of Rs 895 crore, margin of -9.7% of GOV; contribution margin of -1.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adjusted EBITDA profit of Rs 184 crore<\/td>\n<\/tr>\n<\/table>\n<p>Blinkit&#8217;s reported order value is about 2.3 times Instamart&#8217;s GOV and its store count is about 2.2 times (my calculations), although the labels differ between the companies. The key point in Swiggy vs Eternal shares is that Blinkit has reached an adjusted profit while Instamart&#8217;s loss grew from Rs 778 crore in Q1 to Rs 895 crore. Swiggy has said an inventory-led model could add about 80 basis points to Instamart&#8217;s contribution margin, but that is small against the size of the loss, and it is a key reason investors in Swiggy vs Eternal shares are cautious on Swiggy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Swiggy_vs_Eternal_Shares\"><\/span><strong>Valuation: Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: valuation measure (data provider)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 58,325 crore at the 2:53 PM price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,94,239 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs -13.58<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 0.51<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not meaningful, as earnings are negative<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 598 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2.7 times at Rs 176 (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9.8 times at Rs 317.40 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">-22.68%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.58%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.14<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.18<\/td>\n<\/tr>\n<\/table>\n<p>Eternal is valued at about five times Swiggy&#8217;s market cap (my calculation), and it trades at a much higher price to book. That premium reflects market leadership and the move to profit, but a P\/E near 598 times shows that expectations are very high. For Swiggy vs Eternal shares, the choice is between a lower price to book with continuing losses and a higher price to book with proven profit growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Brokerages_Say_About_Eternal\"><\/span><strong>What Brokerages Say About Eternal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy vs Eternal shares: brokerage view on Eternal<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Emkay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, target raised 5% to Rs 420, about 32% above Rs 317.40 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nirmal Bang<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, target raised to Rs 385, about 21% above Rs 317.40 (my calculation); values food delivery at 35 times estimated September 2028 EV\/EBITDA<\/td>\n<\/tr>\n<\/table>\n<p>I could not find current brokerage targets on Swiggy after the Q2 results in the sources I checked, so I have not quoted any. Brokerage targets are opinions and can change after each result, and they should be read next to the company&#8217;s filings when comparing Swiggy vs Eternal shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_in_Swiggy_vs_Eternal_Shares\"><\/span><strong>Risks in Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Instamart losses.<\/strong> Swiggy needs the contribution margin to turn positive before the group can reach sustainable profit.<\/li>\n<li><strong>Competition.<\/strong> Quick commerce is a fight for share and delivery speed, and spending can rise quickly.<\/li>\n<li><strong>Valuation.<\/strong> Eternal&#8217;s high multiple leaves little room for slower growth, a risk that Swiggy vs Eternal shares investors should weigh.<\/li>\n<li><strong>Funding.<\/strong> Swiggy&#8217;s cash position is a point to check in its filings, since losses are large.<\/li>\n<li><strong>Sentiment.<\/strong> Both stocks can move sharply on results and on market mood, as the 16.75% fall shows.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Which_Stock_Suits_Which_Investor_in_Swiggy_vs_Eternal_Shares\"><\/span><strong>Which Stock Suits Which Investor in Swiggy vs Eternal Shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Swiggy vs Eternal shares, an investor who values proven profit, scale and leadership may lean towards Eternal, while accepting its high valuation. An investor who is comfortable with losses and focused on a possible turnaround may follow Swiggy, while accepting the risk of further falls. A cautious investor may wait for the next results to see whether Instamart&#8217;s contribution margin turns positive. This is an educational reading and not a recommendation, and neither stock suits everyone.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_in_Swiggy_vs_Eternal_Shares\"><\/span><strong>What to Watch Next in Swiggy vs Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Instamart&#8217;s contribution margin and adjusted EBITDA loss in Q3 FY27<\/li>\n<li>Blinkit&#8217;s net order value growth and store additions<\/li>\n<li>Swiggy&#8217;s closing price relative to the day low of Rs 174.95<\/li>\n<li>Fresh brokerage targets on Swiggy after the results<\/li>\n<li>Cash balances and any fund raising plans<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Swiggy vs Eternal shares after Q2 FY27 shows two businesses on different paths: Eternal with a Rs 125 crore profit and a profitable Blinkit, and Swiggy with a Rs 922 crore loss and a heavy Instamart drag. The market has rewarded one and punished the other, but valuations and risks differ. Read the filings and decide on your own horizon.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_is_better_Swiggy_or_Eternal_shares\"><\/span><strong>Which is better, Swiggy or Eternal shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It depends on your risk appetite. Eternal has a net profit of Rs 125 crore and a profitable Blinkit but trades at a high valuation, while Swiggy has a Rs 922 crore loss and a lower price to book. This is educational and not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Swiggy_shares_fall_1675_on_23_Oct_2026\"><\/span><strong>Why did Swiggy shares fall 16.75% on 23 Oct 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports link the fall to Q2 FY27 results, where the net loss widened from Rs 791 crore in Q1 to Rs 922 crore and Instamart&#8217;s adjusted EBITDA loss rose to Rs 895 crore. Investors were worried that strong revenue growth is not turning into profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Eternal_shares_rise_after_Q2_FY27_results\"><\/span><strong>Why did Eternal shares rise after Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Eternal reported a net profit of Rs 125 crore, up 92% from a year earlier, with revenue up 77.6% to Rs 24,138 crore. Blinkit earned an adjusted EBITDA of Rs 184 crore, and brokerages such as Emkay and Nirmal Bang raised their targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Swiggy_and_Eternal_compare_in_food_delivery\"><\/span><strong>How do Swiggy and Eternal compare in food delivery?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Swiggy&#8217;s food delivery GOV was Rs 10,054 crore, up 17.7%, with an adjusted EBITDA of Rs 341 crore, or 3.4% of GOV. Eternal&#8217;s food delivery adjusted EBITDA grew 24.7% according to Emkay, so both are profitable in this segment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Instamart_and_Blinkit_compare\"><\/span><strong>How do Instamart and Blinkit compare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Blinkit earned an adjusted EBITDA of Rs 184 crore and has 2,751 stores, according to Emkay. Instamart lost Rs 895 crore on 1,240 dark stores, so Blinkit is bigger and has reached an adjusted profit while Instamart has not.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_valuations_of_Swiggy_and_Eternal\"><\/span><strong>What are the valuations of Swiggy and Eternal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Eternal has a market cap of about Rs 2,94,239 crore and a P\/E near 598 times, with a price to book of about 9.8 times. Swiggy has a market cap near Rs 58,000 crore, negative earnings and a price to book of about 2.7 times.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_watch_next\"><\/span><strong>What should investors watch next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Watch Instamart&#8217;s contribution margin, Blinkit&#8217;s order growth, Swiggy&#8217;s price relative to Rs 174.95, fresh brokerage targets and cash balances. This is educational and not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which is better, Swiggy or Eternal shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It depends on your risk appetite. Eternal has a net profit of Rs 125 crore and a profitable Blinkit but trades at a high valuation, while Swiggy has a Rs 922 crore loss and a lower price to book. This is educational and not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"Why did Swiggy shares fall 16.75% on 23 Oct 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports link the fall to Q2 FY27 results, where the net loss widened from Rs 791 crore in Q1 to Rs 922 crore and Instamart's adjusted EBITDA loss rose to Rs 895 crore. Investors were worried that strong revenue growth is not turning into profit.\"}},{\"@type\":\"Question\",\"name\":\"Why did Eternal shares rise after Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Eternal reported a net profit of Rs 125 crore, up 92% from a year earlier, with revenue up 77.6% to Rs 24,138 crore. 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This is educational and not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Swiggy vs Eternal shares after Q2 FY27: Swiggy fell 16.75% on a Rs 922 crore loss, Eternal rose 4.25% on a Rs 125 crore profit. Compare food delivery, Blinkit, Instamart and valuation.<\/p>\n","protected":false},"author":36,"featured_media":325631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[15543,13657,13656,13533,5353,14508,13528,15542,15541,15544],"class_list":["post-325632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blinkit-vs-instamart","tag-eternal-q2-results","tag-eternal-share-price","tag-food-delivery-stocks","tag-quick-commerce-stocks","tag-swiggy-q2-results","tag-swiggy-share-price","tag-swiggy-vs-eternal","tag-swiggy-vs-eternal-shares","tag-which-is-better-swiggy-or-eternal"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["325631"],"rank_math_title":["Swiggy vs Eternal Shares Compared After Q2 FY27 Results"],"rank_math_description":["Swiggy vs Eternal shares after Q2 FY27: Swiggy fell 16.8% on a Rs 922 crore loss while Eternal rose 4.3% on a Rs 125 crore profit. Compare growth, Blinkit and valuation."],"rank_math_focus_keyword":["Swiggy vs Eternal shares"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/swiggy-vs-eternal-shares-compared-which-is-the-better-stock-after-q2-fy27.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=325632"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325632\/revisions"}],"predecessor-version":[{"id":325633,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325632\/revisions\/325633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/325631"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=325632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=325632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=325632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}