Eternal reports Rs 92 crore net profit in Q1 FY27

Eternal, the parent company of food delivery platform Zomato and quick commerce business Blinkit, reported nearly a four-fold increase in net profit and almost tripled its revenue in the first quarter of FY27.

The company reported a consolidated net profit of Rs 92 crore for the quarter, up from Rs 25 crore in the corresponding period last year. Its consolidated revenue rose to Rs 20,211 crore, compared with Rs 7,167 crore in the first quarter of FY26.

The largest contributor to Eternal’s revenue during the quarter was from Blinkit, its quick commerce business, which touched Rs 15,664 crore as compared to Rs 2,400 crore in the same period of the last fiscal.

Zomato, Eternal's food delivery business, reported revenue of Rs 3,100 crore in the first quarter of FY27, up from Rs 2,261 crore in the corresponding period last year. Hyperpure, the company's B2B supplies business, generated revenue of Rs 1,034 crore, while its going-out segment contributed Rs 318 crore.

All of Eternal's key businesses posted positive EBITDA (earnings before interest, taxes, depreciation and amortisation) during the quarter. Blinkit reported an EBITDA of Rs 325 crore, a sharp turnaround from a loss of Rs 42 crore a year earlier. The food delivery business also improved its EBITDA to Rs 625 crore from Rs 465 crore in the year-ago period.

With quick commerce contributing the largest share of its revenue, Eternal said it will continue investing in expanding capacity, noting that "quick commerce is not asset-light, unlike our other businesses."

Blinkit currently operates around 19 million square feet of store and warehouse space across more than 300 cities. The company has invested over Rs 3,000 crore in capital expenditure over the past four years to build its network.

“This is the most critical building block of our business and also our biggest differentiator,” the company remarked.

On the quick commerce business, Eternal Group CEO Albinder Singh Dhindsa said, “We continue to focus our efforts on our three pillars of long-term growth--assortment expansion, geographical expansion, and demand densification. Going forward, premiumisation through launch of ‘gourmet’ stores in select locations in top eight cities will also contribute to assortment expansion on the platform. These gourmet stores offer our customers the ability to buy curated premium brands across categories.”

Dhindsa said Eternal continues to prioritise long-term growth by investing in product selection, geographic reach and supply chain infrastructure, while many competitors remain largely focused on pricing.

Eternal CFO Akshant Goyal said, “The most critical signal of how we're doing against competition is customer retention. If customers are staying and spending more despite aggressive pricing from competitors, the business is working.”