Eternal shares fall 1.6% after block deal; here is what is known so far

The stock, which slipped in the opening session, gained later and then again slipped into the negative territory.

The stock declined as much as 1.62% to hit a low of ₹287.65 on the NSE.

Eternal on labour codes

In late November 2025, Eternal Ltd welcomed the implementation of the four labour codes, which it said would help strengthen the social security access for gig workers, including for its Zomato and Blinkit businesses.

In a regulatory filing, Eternal, the parent entity of Zomato and Blinkit, said it does not think the financial impact on account of these rules will be detrimental to the long-term health and sustainability of its business.

The government last month notified the four labour codes, which have rationalised 29 existing labour laws. These will formalise employment, strengthen worker protection, and make the labour ecosystem simpler, safer, and globally aligned.

The four labour codes are -- the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020.

Under the new codes, 'gig work', 'platform work', and 'aggregators' have been defined for the first time.

The codes stipulate that aggregators must contribute 1 to 2% of the annual turnover, capped at 5 per cent of the amount paid/payable to gig and platform workers.

"The consolidation of labour laws provides clearer, more uniform, and consistent rules, which support both the country and our ecosystem. One of these four labour codes is the Code on Social Security, 2020 (CoSS), which helps strengthen the social security access for gig workers across the country, including those who power our Zomato and Blinkit businesses," Eternal said.

Eternal Q2 FY26 Results

Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit brands, reported a consolidated net profit of ₹65 crore for the second quarter ended in September, with the quick commerce business contributing significantly to its revenue growth.

The company, which rebranded itself as Eternal in March, had reported a net profit of ₹176 crore in the June-September quarter of the last fiscal.

In a regulatory filing, Eternal said the results are not comparable with the corresponding quarter last year on account of the acquisition of Orbgen Technologies Pvt Ltd and Wasteland Entertainment Pvt Ltd, holding the 'movie ticketing' and the 'events' businesses, respectively, from One 97 Communications Ltd (Paytm's parent firm), which was completed in August 2024.

In a letter to shareholders, Eternal said it expects "a slow uptick in growth rate in the near term" for the food delivery net order value (NOV) for Zomato, due to multiple headwinds, including soft discretionary consumption, the impact of quick commerce growth and increasingly volatile weather conditions.