Eternal Share Price in Focus as Indian Mutual Funds Hike Stake to 28.9% and FIIs Cut Holdings to 32.6%

In a strategic move during Q4 FY26, Indian mutual funds significantly increased their investments in the parent company of Zomato, Eternal.  

This increase occurs as foreign institutional investors continue to withdraw their stakes in the firm, impacting the ownership structure significantly. 

Indian Mutual Funds Ramp Up Investments 

The data from Eternal's latest stock exchange filings highlights that mutual fund ownership climbed to 28.9% as of March 2026, a substantial rise from 16.4% in December 2025.  

Large domestic funds such as SBI Mutual Fund and HDFC Mutual Fund made considerable gains, each acquiring more than 3.5% stakes.  

New participants like Mirae Asset, Motilal Oswal, and Aditya Birla Sun Life also added to their portfolios, showing confidence in Eternal's growth potential. 

Foreign Investor Holdings Decline 

Simultaneously, foreign ownership in Eternal reduced drastically to 32.6% from 47.3%. A significant contributor to this was Foreign Portfolio Investors (FPIs), who decreased their holdings by 11.2% to 24.8%.  

Major sell-offs included full exit by Kuwait Investment Authority and Antfin Singapore. However, some, like Temasek-linked entities, maintained their stakes, while DF International Partners entered with a 1.5% stake. 

Overall Shift in Shareholding Patterns 

This shift in shareholding patterns points to a transfer of control from foreign investors to Indian institutions.  

This trend reflects a broader national occurrence driven by current geopolitical and economic pressures.  

Since the onset of the US-Iran conflict, FIIs have withdrawn more than $18 billion from equities, largely due to oil price increases and market uncertainties. 

Read More: Swiggy Share Price in Focus; Board Approves Leadership Changes with New Director Appointments! 

Financial Performance and Strategic Moves 

Eternal's financial performance has shown a notable expansion, with net profit jumping 73% YoY to ₹102 crore.  

Revenue also tripled to ₹16,315 crore, mainly from the inventory model adoption by its Blinkit segment.  

Blinkit's transformation has resulted in Eternal’s financial restructuring, turning adjusted EBITDA positive in Q3 FY26 for the first time. 

In leadership updates, Deepinder Goyal has stepped down as CEO, with Albinder Dhindsa of Blinkit taking over.  

Eternal Share Price Performance  

As of April 16, 2026, at 11:46 AM, Eternal share price on NSE was trading at ₹249.07 up by 0.97% from the previous closing price. 

Conclusion 

The Q4 FY26 saw Indian mutual funds ramping up their investments in Eternal, as foreign ownership decreased. This transfer signifies a strategic shift reflecting wider national trends amidst global uncertainty. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.