Eternal Limited Reports 47.1% Net Profit Decline Despite Major Year-on-Year Growth, ETRetail Eternal Limited, the parent company of Zomato, reported a significant 47.1% drop in its net profit for the April-June quarter (Q1 FY27), reaching Rs 92 crore compared to Rs 174 crore in the previous quarter (Q4 FY26). However, the company highlighted a strong 268% year-on-year (YoY) growth in consolidated net profit for the same period. Consolidated adjusted revenue surged 173% YoY to Rs 20,648 crore, while adjusted EBITDA increased 223% YoY to Rs 555 crore. The Quick Commerce segment saw a 86% YoY rise in net order value (NOV), reaching Rs 17,132 crore. This segment contributed Rs 102 crore in adjusted EBITDA profit, marking a fifth consecutive quarter of margin improvement. Deepinder Goyal, founder of Eternal, emphasized that growth and margins should compound together, as expanding the platform’s utility drives user frequency and operational efficiency. Blinkit, a subsidiary of Eternal, added 200 new stores, bringing its total network to 2,443. The company continued investments in expanding product assortments, geographic reach, and demand densification. Food delivery NOV surpassed Rs 10,769 crore, growing over 20% YoY, with adjusted EBITDA margins improving to 5.6%, resulting in a profit of Rs 606 crore. Hyperpure, another subsidiary, reported a 27% YoY revenue increase to Rs 1,034 crore, achieving positive adjusted EBITDA and generating Rs 6 crore in profit, compared to a loss in the same quarter last year. Albinder Singh Dhindsa, Group CEO of Eternal, reiterated the company’s focus on three pillars of long-term growth: assortment expansion, geographical expansion, and demand densification.#zomato #blinkit #deepinder_goyal #eternal_limited #hyperpure
