Eternal, the parent company of Zomato and Blinkit, reported a sharp rise in profit for the January-March quarter, with net profit surging 346% year-on-year to ₹174 crore. The strong earnings were supported by rapid growth in its quick commerce arm Blinkit and steady performance in food delivery.
Revenue from operations also saw a major jump, rising 196% to ₹17,292 crore during the quarter compared with the same period last year. The results underline strong demand across Eternal’s businesses as more consumers continue to rely on app-based food, grocery and convenience services.
Blinkit remained the company’s biggest growth driver. The platform, which offers quick delivery of groceries and daily essentials, has expanded aggressively as demand for instant delivery services rises in urban markets. Analysts said Blinkit’s wider network, improving efficiency and growing order volumes played an important role in boosting the group’s overall performance.
Along with Blinkit, Eternal’s food delivery business also continued to provide stable growth. Zomato remains one of India’s largest food ordering platforms and continues to benefit from higher order frequency and a broader restaurant network.
Eternal, which recently changed its corporate identity from Zomato, now operates multiple consumer-focused businesses. These include food delivery, quick commerce, restaurant supplies through Hyperpure and lifestyle services under District. The broader portfolio is helping the company diversify beyond its original food delivery model.
The company’s shares remained in focus after the earnings announcement, with investors reacting positively to the stronger numbers. Analysts believe Blinkit’s continued growth and the mature food delivery business could support future earnings momentum.
Market experts said the latest quarter reflects a more balanced business strategy, where Eternal is focusing not only on expansion but also on profitability. This has been a key concern for investors in India’s highly competitive internet commerce sector.
Also Read: Ex-Twitter CEO Parag Agrawal’s startup hits $2 bn