Eternal Q1 Results: Net profit surges 268% YoY to ₹92 crore, revenue climbs 182%

The company had posted a consolidated net profit of ₹25 crore in the corresponding quarter last fiscal. Sequentially, profit fell 47.13%.

Its consolidated revenue from operations in the first quarter stood at ₹20,211 crore against ₹7,167 crore in the year-ago period, it added. Sequentially, revenue surged 16.88%.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) surged 416.52% to 594 crore for the quarter under review from ₹115 crore in the year-ago period.

EBITDA margin stood at 2.94% vs 1.69% a year back.

Eternal Q1 FY27 results: Segment-wise revenue

In a regulatory filing, Eternal said that its net order value (NOV) grew 54% year-on-year (YoY) to ₹31,120 crore.

Zomato's NOV advanced more than 20% YoY to ₹10,769 crore, while Blinkit's NOV surged 86% YoY to ₹17,132 crore.

The company's going-out segment (District) saw an NOV growth of 60% YoY to ₹3,218 crore.

On Blinkit becoming more capital-intensive with significant capex and net working capital, Akshant Goyal, Chief Financial Officer (CFO) at Eternal, said, "Quick commerce is not asset-light, unlike our other businesses. Today, we operate about 19 million sq ft of store and warehousing space across 300+ cities. We've invested ~INR 3,000 crore capex over the past four years to build this network, and as we continue to expand, the investments will continue. This is the most critical building block of our business and also our biggest differentiator."

On Blinkit becoming more capital-intensive with significant capex and net working capital, Akshant Goyal, Chief Financial Officer (CFO) at Eternal, said, "Quick commerce is not asset-light, unlike our other businesses. Today, we operate about 19 million sqft. of store and warehousing space across 300+ cities. We've invested ₹3,000 crore capex over the past four years to build this network, and as we continue to expand, the investments will continue. This is the most critical building block of our business and also our biggest differentiator.

Deepinder Goyal, the company's founder, on going out business (District) growing 60% YoY this quarter, said, "IPL was in Q1 last year as well - so the 60% YoY isn't a seasonality artifact. The acceleration is real, driven by the platform coming together as a unified multi-use-case app and the compounding effects of that breadth on customer engagement and frequency. Today, District generates visibility and business for 45,000+ restaurants, 5,000+ movie screens, 6,000+ retail stores, 7,500+ events."

The stock settled 0.77% lower at ₹284.40 apiece on the NSE.