Eternal shares are expected to attract ₹3,510 Cr inflows in February; Here are the details

Synopsis: Eternal shares rose over 4% after foreign ownership surpassed 25%. This brings the stock nearer to receiving full MSCI weighting. If MSCI includes Eternal in its February review, it could attract around Rs 3,510 crore in passive inflows.

The shares of Eternal, the parent of food aggregator Zomato, are in focus after Eternal revealed its latest foreign investor limits in its latest shareholding pattern. In this article, we will try to make it easier for you to understand.

With a market capitalisation of Rs 2,84,251 crore, the shares of Eternal Ltd reached a day’s high of Rs 297.25 per share, up over 4 percent from its previous day’s closing price of Rs 285.25 per share. In the last one year, the stock has delivered a robust return of 29 percent, outperforming NIFTY 50’s return of 12 percent.

Reason 

Shares of Eternal Ltd.(parent company of Zomato and Blinkit) rose over 4 percent on January 13, 2026, mainly after the company disclosed its latest shareholding pattern, which indicated an increase in foreign investor limits.

The main factor was that the foreign headroom in Eternal has now exceeded the 25 percent mark, as revealed by its latest shareholding pattern. Previously, Eternal was given only half weight in the MSCI index as the foreign room was limited. With the increase in foreign headroom, the stock may now be eligible for full MSCI weightage, which is a major positive factor for the share price.

According to calculations, this possible upgrade could be factored in the February MSCI review. If Eternal is given full MSCI weight, it might see passive inflows of approximately $390 million (Rs 3,510 crore) as global funds that track MSCI indices have to buy stocks in line with index weights.

MSCI

MSCI, or Morgan Stanley Capital International, curates some of the world’s most widely tracked indices, like MSCI India and MSCI Emerging Markets. Major global funds and ETFs follow these indices, so when MSCI changes a stock’s weight, those funds must buy or sell shares to stay aligned.

Here’s why that’s important, if MSCI increases a stock’s weight, passive funds step in and purchase more of it. That sudden buying usually leads to a short-term rally and attracts new money.

Until recently, foreign investors couldn’t buy much of it, there simply wasn’t enough “foreign headroom.” This limitation kept the stock at only half weight in MSCI’s indices. But now, the latest shareholding data for Eternal shows foreign headroom has crossed 25%. That shift removes the cap and makes Eternal eligible for full MSCI weight.

If MSCI decides to upgrade Eternal during its February review, passive funds are expected to invest about $390 million, or roughly Rs 3,510 crore. This type of inflow usually boosts the stock price, improves liquidity, and draws the attention of major international investors. 

Financials

Eternal reported a core revenue of Rs 13,590 crore in Q2 FY26, a staggering growth of 183 percent as compared to Rs 4,799 crore in Q2 FY25. Coming to its operating profit, it reported an adjusted EBITDA of Rs 224 crore in Q2 FY26, a decline of 32 percent as compared to Rs 330 crore in Q2 FY25. Regarding its profitability, it reported a net profit of Rs 65 crore in Q2 FY26, a decline of 63 percent as compared to Rs 176 crore in Q2 FY25. 

On a year-on-year basis, Eternal’s businesses delivered strong growth across most segments. Food delivery revenue grew 22 percent, showing steady demand. Quick commerce grew by a staggering 756 percent, driven by rapid scale-up and higher order volumes. The going-out segment rose 23 percent, reflecting recovering consumer activity. 

However, B2B supplies (Hyperpure) fell 31 percent YoY, indicating a slowdown in that vertical. Overall, the company’s adjusted revenue jumped 172 percent YoY, led primarily by explosive growth in quick commerce.

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