quarterly results
Food delivery and quick commerce company Eternal has released excellent results for the first quarter of the financial year 2026-27 (FY27). The consolidated net profit of the company increased by 268% on annual basis to Rs 92 crore. In the same quarter last year, the company had registered a profit of Rs 25 crore. According to the information given by the company to the stock market, due to strong performance in all its major businesses, revenue from operations increased by 182% to Rs 20,211 crore, which was Rs 7,167 crore in the same period a year ago.
However, the company’s profit has declined by 47% on a quarterly basis. In the previous quarter, Eternal had earned a net profit of Rs 174 crore. At the same time, an increase of 17% was recorded in revenue on quarterly basis also. It increased from Rs 17,292 crore in the previous quarter to Rs 20,211 crore.
Big improvement in EBITDA also
The company’s Adjusted EBITDA was also much better than last year. It increased to Rs 555 crore in the first quarter, whereas it was Rs 172 crore in the same quarter of the last financial year. It is clear from this that the operational efficiency and profit earning capacity of the company is continuously getting stronger.
Zomato and Blinkit become big engines of growth
Eternal’s food delivery business Zomato recorded growth of more than 20% for the fourth consecutive quarter. During this period, Net Order Value (NOV) increased to Rs 10,769 crore. The company said that it will now stop reporting Gross Order Value (GOV), because according to it, NOV better reflects the actual state of the business. Adjusted EBITDA of this segment increased by 34% to Rs 606 crore.
At the same time, the performance of quick commerce platform Blinkit was also very strong. Its NOV increased by 86% on annual basis to Rs 17,132 crore. The company added 200 new stores during the quarter, taking the total number of stores to 2,443. Blinkit recorded an Adjusted EBITDA of Rs 102 crore, compared to a loss of Rs 162 crore in the same period last year.
Improvement in other businesses also
The NOV of the company’s going-out (District) business increased by 60% to Rs 3,218 crore. Although this segment still incurred a loss of Rs 65 crore, there was improvement in EBITDA margin.
Hyperpure business revenue reached Rs 1,034 crore. It earned a profit of Rs 6 crore, whereas there was a loss of Rs 18 crore in the same period last year. At the same time, the revenue of new businesses like Bistro and Nugget reached Rs 95 crore. However, due to increased investment for expansion of these businesses, their EBITDA loss stood at Rs 94 crore.
stock recovery
After the release of quarterly results, there was initial pressure on Eternal’s shares, but later there was a good recovery. At the end of trading, the company’s shares closed at Rs 289.55 on BSE with a gain of about 1%. Investors have confidence in the company due to strong financial results and rapid growth of Blinkit and Zomato.
