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Eternal Ltd, the parent company of Zomato and Blinkit, reported a sharp rise in earnings for the March quarter on Tuesday.
The company posted a consolidated net profit of Rs 174 crore in Q4FY26, marking a 346 per cent jump from Rs 39 crore reported in the same quarter last year.
Revenue from operations also surged sharply to Rs 17,292 crore, compared to Rs 5,833 crore in the year-ago period, reflecting strong year-on-year growth across key segments.




Shares of Eternal settled 1.09 per cent higher at Rs 258.28 apiece on the NSE after the earnings announcement.
In a letter to shareholders, Eternal CFO Akshant Goyal said the food delivery business continued to show steady improvement.
Food delivery (Zomato) net order value (NOV) growth stood at 18.8 per cent year-on-year, while gross order value (GOV) growth came in at 22.5 per cent YoY. The adjusted EBITDA margin as a percentage of NOV improved to 5.5 per cent during the quarter.
The business delivered an absolute adjusted EBITDA of Rs 532 crore, reflecting a 24 per cent rise year-on-year.
Goyal said food delivery growth is now inching closer to the company’s long-term expectation of over 20 per cent annual growth.
Quick commerce platform Blinkit remained the key growth engine for the company.
Blinkit’s NOV growth stood at 95.4 per cent year-on-year and 8.2 per cent quarter-on-quarter. The company added 216 net new stores during the quarter, taking the total store count to 2,243 stores by the end of March.
Adjusted EBITDA improved sharply to Rs 37 crore, compared to Rs 4 crore in the previous quarter.
Group CEO Albinder Dhindsa said Blinkit’s NOV grew at a 104 per cent CAGR between FY23 and FY26.
“Growth rates are now naturally moderating off a much larger base. Over the next three years, NOV growth CAGR should easily be north of 60 per cent. That translates to the business growing to over 4x its current scale in three years,” he said.
He added that quick commerce is still concentrated in the top 15–20 cities, leaving significant room for expansion across geographies and product categories.
The company’s going-out business District posted NOV growth of 46.5 per cent year-on-year. Adjusted EBITDA losses narrowed to Rs 81 crore from Rs 121 crore in Q3FY26.
Its adjusted EBITDA margin improved to -3.0 per cent from -4.7 per cent in the previous quarter.
Hyperpure, the restaurant supply business, reported revenue growth of 37 per cent year-on-year, compared to 33 per cent in the previous quarter.
Its adjusted EBITDA margin improved to 0.5 per cent, resulting in an absolute adjusted EBITDA profit of Rs 5 crore against Rs 1 crore in the previous quarter.
Founder Deepinder Goyal said FY26 marked a major milestone for the company.
“Last year, 109 million Indians completed transactions worth over $10 billion through Blinkit, District, and Zomato. The company I accidentally started now touches how India eats, shops, and goes out. But it took us 18 years to get to $10 billion per year,” he said.
Responding to concerns around the recent LPG shortage, Goyal said there has been no meaningful impact on the business so far.
He said when localised supply disruptions happen, demand usually shifts across the platform rather than disappearing, as customers continue to have multiple restaurant options across cuisines and price points.
Some restaurants in affected areas saw temporary disruption, but overall platform-level throughput remained unaffected, he added.
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Abhay Shukla is a Senior Sub-Editor at Zee Business, specializing in the analysis and reporting of stock markets, corporate news, personal finance, technology, and the auto sectors. With a p ...Read More
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