Eternal Q2 Results: Zomato and Blinkit operator's net profit rises 92% to ₹125 crore, revenue up 78%

It earned a net profit of ₹65 crore in the second quarter of the preceding financial year. Sequentially, post-tax profit surged 35.87%.

In July-September, the company's revenue from operations rose 77.62% to ₹23,138 crore from ₹13,590 crore a year ago. Sequentially, revenue rose 19.43%.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), advanced 214.64% to ₹752 crore as compared to ₹239 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded to 3.12% in the quarter under review from 1.76% in Q2 FY26.

During the quarter, quick commerce business (Blinkit) recorded revenue of ₹19,152 crore, while the food ordering and delivery segment contributed ₹3,396 crore.

In a letter to shareholders, Eternal said that Blinkit's net order value grew 79.3% YoY to ₹20,940 crore with quarter-on-quarter growth at 22.2%. It added 308 net new stores during the quarter, taking the total count to 2,751.

Going out business District's "NOV grew 58.0% YoY (1.3% QoQ) to ₹3,259 crore. Adjusted EBITDA margin improved to -2.0% of NOV from -3.1% last year. On a QoQ basis, Adjusted EBITDA loss was flattish at ₹64 crore."

The NOV of Zomato climbed 21.5% YoY to ₹11,445 crore, with the growth acceleration now continuing for five consecutive quarters, the company said in an exchange filing.

"We're happy with how the business is doing right now. That said, we try not to read too much into any single quarter. Our long-term expectation for food delivery has always been 20%+ annual growth, and the last two quarters have brought us back to that range. This view didn't change last year when growth slowed, and it doesn't change now that it has picked up," Eternal vice chairman and founder Deepinder Goyal said.

As part of the overall internal restructuring exercise, Eternal will consolidate the Going-out India business operating across various group entities in a single wholly owned subsidiary, Zomato Entertainment Private Ltd (ZEPL), the firm's wholly owned subsidiary.