Blinkit, Hyperpure push Eternal's Q1 FY26 topline to over 70%, shares surge
Shares of Zomato parent Eternal surged after the company posted 70% growth in topline, helped by its B2B arm Hyperpure and quick commerce segment Blinkit.
Zomato parent, Eternal, saw its operating revenue jump nearly 70% supported by strong growth in its Blinkit, food delivery, Hyperpure, and the going-out vertical, sending its shares up 7% on the NSE post-market close. It closed 7.5% higher at Rs 276.5 apiece.
On Monday, the Deepinder Goyal-led company reported Rs 7,167 crore in operating revenue for Q1 FY26 compared with Rs 4,206 crore in the same period last year.
For Q1 FY26, Eternal reported a net profit of Rs 25 crore—a 90% drop compared with Rs 253 crore in Q1 FY25, as a slowdown in the food delivery segment and customer acquisition investments in Blinkit continued to weigh on its bottom line.
In the quarter ended March 2025, the Gurugram-based company had recorded a profit of Rs 39 crore, according to stock exchange filings.
Blinkit—which now contributes over 30% of Eternal's consolidated revenue—more than doubled its gross order value (GOV). The segment saw its revenue more than double to Rs 2,400 crore from Rs 942 crore in the corresponding quarter last year.
Meanwhile, the quick commerce segment reported a loss of Rs 42 crore compared with a profit of Rs 43 crore last year, as it continued to invest heavily in customer acquisition, discounts, and geographic expansion. Its bottom line improved on a sequential basis, from a loss of Rs 82 crore in March.
Zomato, the company’s core food delivery business, clocked a sluggish 10% sequential growth in GOV, as well as a 16% annual growth to Rs 10,769 crore.
In Q1 FY26, its revenue rose to Rs 2,261 crore, up 16% YoY from Rs 1,942 crore in Q1 FY25. Quarterly, the food delivery segment posted 10% growth in its topline, accounting for 30% of consolidated revenue.
Zomato saw its monthly transacting users rise to 22.9 million, up from 20.3 million last year, while users doubled from 7.6 million to 16.9 million for its quick commerce app, Blinkit.
Eternal's B2B vertical Hyperpure continued its strong performance, clocking a revenue of Rs 2,295 crore in Q1 FY26, compared with Rs 1,212 crore in Q1 FY25. It benefited from increased penetration across restaurant partners, as well as deeper integration with Eternal’s quick commerce businesses.
Revenue for its going-out segment—housed under the District app—more than doubled from the previous year to Rs 207 crore. On a sequential basis, it shrank compared with Rs 229 crore in Q4 FY25.
During the quarter, the platform added a new retail section and an activities tab, offering discounts at partner stores and bookings for events, workshops, and dining experiences.
Meanwhile, in Q1 FY26, Eternal appointed Aditya Mangla as the new CEO of Zomato, replacing Rakesh Ranjan, who completed his two-year term. Mangla, a company veteran of over four years, previously led product, supply, and customer experience within the food delivery vertical. The leadership transition comes months after Zomato's chief operating officer, Rinshul Chandra, resigned in April.
Competitive intensity has increased in Eternal's core businesses, including quick commerce and food delivery. The heated quick commerce segment saw new entrants like Amazon enter the race, while the food delivery business navigated choppy waters with increased pushback from restaurants and challenges from new entrants like Rapido.
In May this year, food delivery aggregators, including Zomato, removed the rain fee surge waiver offered to Gold members amid a broader slowdown in food delivery, rising hyperlocal delivery costs and a shift in focus toward profitability.
In April 2025, Eternal granted stock options worth about Rs 4.42 crore under ESOP 2014 and ESOP 2021. More recently, in July 2025, it allotted 64.77 lakh stock options under the same plans, with a cumulative grant value of around Rs 168 crore, according to the exchange filings.
Edited by Suman Singh