Multibagger consumer discretionary stock overtakes Hindustan Aeronautics Ltd in terms of market cap

On Wednesday, the Indian stock market was in green with both the Sensex and Nifty-50 indices up 0.40 per cent each. The broader market indices also reflected positive sentiment, as the BSE Mid-Cap Index up by 0.51 per cent and the BSE Small-Cap Index up by 0.40 per cent.

Along with the market in green, one multibagger Large-Cap stock stood out on Dalal Street, attracting significant attention. This particular stock achieved a notable milestone by surpassing the market capitalisation of Hindustan Aeronautics Ltd. At the day's high, the market capitalisation of this multibagger stock reached Rs 3,19,764 crore, exceeding the market cap of Hindustan Aeronautics Ltd of Rs 3,08,412 crore.

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The multibagger large-cap stock for the consumer discretionary sector is Eternal Ltd (formerly known as Zomato Ltd)

Eternal Limited, previously Zomato Limited, is an Indian multinational tech company. It's the parent company for Zomato (food delivery), Blinkit (quick commerce), District (retail), and Hyperpure (farm-to-fork supply). Eternal aims to build enduring, innovative, and sustainable businesses that positively impact society through its diverse portfolio across food, quick commerce, retail, and supply chain segments.

Eternal Limited (formerly Zomato Limited) reported strong Q1FY26 results with revenue from operations surging 70 per cent year-on-year to Rs 7,167 crore. This growth was largely driven by its quick-commerce segment, which saw Net Order Value (NOV) increase by an impressive 127 per cent year-on-year to Rs 9,203 crore, surpassing food delivery NOV for the first time. However, profit after tax (PAT) declined sharply by 90 per cent to Rs 25 crore, despite the significant revenue gains.

The company's focus on quick-commerce expansion is evident with the addition of 243 new stores during the quarter. This segment also showed improved adjusted EBITDA margins, narrowing losses from -2.4 per cent to -1.8 per cent of NOV. Food delivery contributed positively, with its NOV growing 13 per cent year-on-year and margins improving to 5.0 per cent.

Deepinder Goyal, a significant stakeholder, holds 3.83 per cent of the company's shares, totalling 36,94,71,500 shares. In Q1FY26, DIIs bought 29,20,91,819 shares and increased their stake to 26.49 per cent while FIIs sold 19,49,62,711 shares and decreased their stake to 42.34 per cent compared to Q4FY25. The shares of the company have a PE of 1,000x, an ROE of 2 per cent and an ROCE of 3 per cent. The stock is up by 75 per cent from its 52-week low of Rs 189.60 per share and has given multibagger returns of over 400 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.