Synopsis : Eternal Limited reported a sharp surge in Q4FY26 profit driven by strong growth in food delivery and quick commerce. Revenue nearly tripled year-on-year, with Blinkit and core delivery businesses leading the momentum.
Eternal Limited, the parent company of Zomato, reported a stellar performance for the quarter ended March 2026 (Q4FY26), with consolidated net profit soaring 346% year-on-year to rs 174 crore, compared to rs 39 crore in the same period last year. On a sequential basis, profit rose 70.58% from rs 102 crore in Q3FY26.
Revenue from operations witnessed an even sharper jump, rising 196.5% YoY to rs 17,292 crore from rs 5,833 crore. Sequentially, revenue increased nearly 6% from rs 16,315 crore, highlighting sustained growth momentum.
- Full-Year FY26 Performance
For the full financial year FY26, Eternal reported revenue of rs 54,364 crore, significantly higher than rs 20,243 crore in FY25. However, full-year profit stood at rs 366 crore, compared to rs 527 crore in the previous year, indicating margin pressures despite strong top-line growth.
- Segment-Wise Highlights
Food Delivery Business
Zomato’s food delivery segment continued to show steady improvement. Net order value (NOV) grew 18.8% YoY, nearing its long-term 20% growth target. Gross order value (GOV) increased 22.5% YoY. Adjusted EBITDA margin improved to 5.5%, with EBITDA rising 24% YoY to rs 532 crore. Adjusted revenue from this segment grew 30% YoY to rs 3,125 crore.
- Blinkit (Quick Commerce)
Blinkit remained a key growth driver. NOV surged 95.4% YoY, supported by aggressive expansion. The company added 216 new stores during the quarter, taking the total to 2,243. Adjusted EBITDA improved significantly to rs 37 crore from rs 4 crore in the previous quarter, indicating improving profitability.
- Going-Out Business (District)
The going-out segment saw NOV growth of 46.5% YoY. Losses narrowed, with adjusted EBITDA loss reducing to rs 81 crore from rs 121 crore in the previous quarter. Margins improved to -3.0%, reflecting better cost control and scale benefits.
- Hyperpure (B2B Supply Chain)
Hyperpure continued its steady growth trajectory, with revenue rising 37% YoY. The segment turned marginally profitable, posting EBITDA of rs 5 crore, compared to rs 1 crore earlier.
- User Growth
Eternal’s ecosystem continues to expand, with average monthly transacting customers (MTCs) rising to 25.4 million, up from 20.9 million a year ago. This reflects increasing adoption across food delivery and quick commerce services.
- Management Commentary
Founder Deepinder Goyal highlighted the scale achieved by the company, noting that over 109 million Indians completed transactions worth more than $10 billion across Zomato, Blinkit, and District in FY26.
Blinkit CEO Albinder Dhindsa stated that quick commerce growth remains strong, with NOV growing at a 104% CAGR between FY23 and FY26. He added that despite moderating growth rates, the segment still has significant expansion potential across cities and categories.
- Stock Price Reaction
Shares of Eternal Limited ended 1.09% higher at rs 258.28 on the NSE following the results announcement, reflecting positive investor sentiment around growth visibility.
Conclusion
Eternal’s Q4 performance underscores its strong execution across multiple high-growth segments, particularly quick commerce and food delivery. While profitability remains a work in progress at the consolidated level, improving margins and scale-driven efficiencies signal a positive outlook for the company.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.
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