Eternal reported a steep 90 percent drop in consolidated net profit during the first quarter of fiscal year 2026. The Zomato parent company earned Rs 25 crore compared with Rs 253 crore during the same period last year. Revenue from operations surged 70 percent year-over-year to Rs 7,167 crore from Rs 4,206 crore previously. The company attributed profit declines to continued investments in quick commerce and dining-out services. Adjusted EBITDA fell 42 percent annually to Rs 172 crore during this reporting period.
Blinkit quick commerce operations expanded significantly with 243 new stores added during the quarter. The division reached 1,544 total locations and targets 2,000 stores by December 2025. Quick commerce net order value surpassed food delivery figures for the first time across a full quarter. CEO Deepinder Goyal expects year-over-year growth rates to stabilize after demand weakness emerged in late 2024. The company appointed Aditya Mangla as food delivery business chief executive for a two-year term.
Blinkit quick commerce operations expanded significantly with 243 new stores added during the quarter. The division reached 1,544 total locations and targets 2,000 stores by December 2025. Quick commerce net order value surpassed food delivery figures for the first time across a full quarter. CEO Deepinder Goyal expects year-over-year growth rates to stabilize after demand weakness emerged in late 2024. The company appointed Aditya Mangla as food delivery business chief executive for a two-year term.
