Eternal Reports 63% Drop in Q2 Net Profit, Revenue Surges 183% YoY
Mumbai, October 16, 2025: Food delivery giant Eternal, formerly known as Zomato, reported a sharp 63 per cent decline in net profit for the July–September quarter (Q2 FY26), even as its revenue surged to new highs.
The company posted a net profit of Rs 65 crore, down from Rs 176 crore in the same quarter last year (Q2 FY25), though higher than Rs 25 crore in the preceding quarter (Q1 FY26).
Revenue and Operations Show Robust Growth
Eternal’s revenue from operations jumped 183 per cent year-on-year to Rs 13,590 crore, up from Rs 4,799 crore in Q2 FY25. On a sequential basis, revenue rose 90 per cent compared to Rs 7,167 crore in Q1 FY26.
Despite the revenue growth, the company’s adjusted EBITDA fell 32 per cent YoY to Rs 224 crore, as per its exchange filing.
Blinkit and Quick Commerce Lead the Charge
Eternal’s quick commerce arm, Blinkit, posted its strongest performance in a decade, with net order value (NOV) growing 137 per cent YoY and 27 per cent sequentially. Blinkit’s quarterly losses reduced to Rs 156 crore, down from Rs 162 crore in Q1 FY26, while its adjusted EBITDA margin improved slightly from -1.8 per cent to -1.3 per cent of NOV.
The company expanded its network by adding 272 new stores during the quarter and reported around 39 lakh new monthly transacting customers (MTCs), indicating robust customer growth.
Founder & CEO Deepinder Goyal said, “Our customer base continues to expand rapidly, which gives us the confidence to continue investing in building District as the one-stop destination in India for discovering multiple going-out use-cases.”
Stock Performance
Eternal’s shares faced market pressure after initially hitting a 52-week high ahead of the earnings announcement. The stock closed the intra-day session at Rs 340.50, down Rs 13.85 or 3.91 per cent on the NSE.
The earnings reflect the challenges and opportunities in India’s booming food delivery and quick commerce sector. While profitability remains under pressure, revenue and customer growth demonstrate strong market traction. Blinkit’s improving metrics signal a potential path toward sustainable growth, reinforcing Eternal’s position as a leading player in the digital food ecosystem.
Final Thoughts from TheTrendingPeople.com
Eternal’s Q2 results highlight the dual narrative of rising revenues and declining profits. For investors, analysts, and industry observers, the key takeaway is that while growth remains robust, controlling costs and improving operational efficiency will be critical for long-term profitability. With strategic investments in Blinkit and expansion into new markets, Eternal continues to shape the future of India’s on-demand food and quick commerce sector.