Can Swiggy ride the sentiment wave after Eternal’s blowout quarter?

Swiggy shares saw renewed interest after Eternal, the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results.

Sector sentiment lifts Swiggy

Eternal’s Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer demand.