Eternal Ltd (Formerly Zomato) Q1 FY26 Performance

Eternal Ltd, formerly known as Zomato, saw its shares surge 7.56% to ₹276.80 in Monday's late trading session despite a sharp 90.12% drop in consolidated net profit for Q1 FY26 to ₹25 crore from ₹253 crore a year ago. The decline was primarily due to heavy investments in its quick commerce arm, Blinkit, and the growing-out segment. However, the company reported robust revenue growth, with total revenue from operations rising 70.4% YoY to ₹7,167 crore. This was driven by the rapid expansion of Blinkit, which overtook food delivery as the top contributor for the first time. B2C Net Order Value (NOV) grew 55% to ₹20,183 crore, while consolidated adjusted revenue hit ₹7,563 crore, up 67% YoY. Despite the profit dip, Eternal’s CEO Deepinder Goyal expressed optimism about future growth, projecting NOV growth to stabilize above 15% in FY26 and improve further in FY27. Blinkit added 243 new stores during the quarter, with NOV surging 127% YoY. The company is also transitioning Blinkit to an inventory-led model to boost margins. The going-out segment, now an ₹8,000 crore annualized business, is gaining momentum through ticketing and events acquisitions. Eternal ended the quarter with a strong cash balance of ₹18,857 crore, signaling financial resilience amid aggressive expansion.