How Eternal Makes Money

Revenue Breakdown (Q4 FY26) • Blinkit (Quick Commerce): ₹13,232 Cr (76.5%), ↑674% YoY Main revenue driver through delivery fees, product margins, and ads • Zomato (Food Delivery – India): ₹2,737 Cr (15.8%), ↑33% YoY Earns via commissions, delivery charges, and platform fees • Hyperpure (B2B): ₹978 Cr (5.7%), ↓47% YoY Supplies to restaurants, earns through distribution margins • District (Going Out): ₹277 Cr (1.6%), ↑21% YoY Revenue from bookings and partnerships • Others: ₹68 Cr (0.4%), small base growth Key Insight Eternal is now primarily a quick commerce-led company, with Blinkit driving the majority of growth and revenue.