Eternal, the parent company of Zomato and Blinkit, just dropped its Q1 numbers—and it’s a wild mix. Revenue is flying high, but profit? Not so much.
The big headline: Eternal’s revenue jumped 70% year-on-year to ₹7,167 crore in Q1 FY26. But its net profit took a sharp 90% fall to just ₹25 crore. That’s way down from ₹253 crore in the same quarter last year.
Still, the stock market loved the Blinkit growth story. Shares of Eternal rose 7.5%, touching ₹277—the highest since February.
Blinkit Drives the Buzz
Let’s talk about Blinkit. This quick commerce arm is the real rocket here.
Its revenue jumped 155% YoY to ₹2,400 crore. That’s a massive leap from ₹942 crore last year. The Gross Order Value (GOV) reached ₹11,821 crore in the quarter, more than double from last year.
Yes, Blinkit’s losses widened to ₹162 crore, up from just ₹3 crore a year ago. But that’s because Eternal is spending big to grow. Blinkit’s dark store count more than doubled to 1,544.
Despite losses, investors are clearly buying the future Blinkit is building.
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Food Delivery Still Holding Steady
Zomato’s food delivery business also grew, though at a slower pace. Revenue rose 18% YoY to ₹2,657 crore. GOV also rose to ₹10,769 crore.
Monthly transacting customers hit 22.9 million, showing steady demand—even with some slowdown in the food delivery space.
Other Verticals: Mixed Bag
- Hyperpure, Eternal’s B2B unit, saw an 89% revenue rise to ₹2,295 crore.
- The Going Out business dropped 10% YoY in revenue, falling to ₹207 crore.
But Eternal still ended the quarter with a strong cash balance of ₹18,857 crore. That’s almost unchanged from the last quarter, giving the company firepower for future moves.
Eternal rebranded from Zomato earlier this year. It’s now more than just a food delivery app. With Blinkit leading the growth and Hyperpure expanding fast, Eternal is betting on being a full-stack commerce player.
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