Tag: Zomato

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Corporate

Eternal profit jumps 346% in Q4 to ₹174 cr

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.

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1 Minute-Read

Zomato founder flooded with 8,000 emails

Zomato founder Deepinder Goyal said he received over 8,000 emails after reaching out to former employees via a dedicated email.

About half were from past staff, the rest from hopeful new joiners, many sharing personal stories.

Calling the responses “full of emotions and honesty,” Goyal said it’s hard to reply to all quickly and suggested those who know him well to contact him via WhatsApp for faster responses.

Categories
Leaders

Zomato CEO says New Year’s eve deliveries smooth

Zomato CEO Deepinder Goyal has clarified that the food delivery platform’s record-breaking performance on New Year’s Eve was achieved without offering any extra incentives beyond standard pay. Despite some gig workers calling for a nationwide strike, over 4.5 lakh delivery partners completed more than 75 lakh orders for over 63 lakh customers across India, marking the busiest day in the company’s history.

Goyal explained that standard New Year’s Eve pay rates, combined with strong support from local authorities, were sufficient to keep operations running smoothly. He acknowledged that a small number of disruptions occurred due to “miscreants” but said these were effectively managed, ensuring minimal impact on customers.

The CEO also addressed criticisms about the gig economy. He argued that if the system were fundamentally unfair, large numbers of people would not choose to work in it. Highlighting the flexibility and earning potential of gig work, he said it has become an important source of organised employment in India, benefiting both workers and their families.

On calls for more regulation, Goyal stated that the gig economy does not need additional rules. He emphasised that existing measures, including pay transparency, insurance, and safety provisions, make the current model sustainable. He suggested that further regulation could inadvertently reduce opportunities for workers while limiting the industry’s growth potential.

Goyal’s remarks come amid ongoing debate about delivery pressures, pay structures, and social security for gig workers, especially in light of initiatives like the 10‑minute delivery promise and growing competition from quick-commerce platforms.

Thanking delivery partners and ground teams, Goyal said their dedication and resilience made the record-breaking day possible. He urged the public not to be influenced by “narratives pushed by vested interests” and described the performance as a testament to the professionalism and commitment of India’s gig workforce.

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