Eternal Profit Jumps 92% as Blinkit Continues to Growth

ETERNAL Ltd. the parent company of Zomato and Blinkit reported a strong increase in consolidated net profit for the September quarter highlighting continued expansion in its food delivery and quick-commerce businesses. The company reported net profit of ₹1 250 crore up 92.3% year-on-year while revenue from operations increased 77.6% to ₹24 138 crore. Blinkit remained a key growth driver with net order value rising 79.3% to ₹20 940 crore. The business also added 308 stores taking its total store count to 2 751. However the results reportedly came in below market expectations making the company's future margin performance and management commentary important factors for investors to monitor. Market perspective: Investors should evaluate whether rapid business expansion can translate into sustainable profitability improved cash generation and stronger operating margins.