Eternal, the parent company of Zomato, has posted a 90 per cent YoY drop in its profit in the first quarter of fiscal year 2026. The company posted a profit of Rs 25 crore in Q1FY26, while its profit in Q1FY25 was Rs 253 crore.
Further, Eternal’s total revenue from operations in Q1FY26 stood at Rs 71,63 crore, against a revenue of Rs 4,206 crore in Q1FY25. The company revenue grew by 70.4 per cent YoY in the first quarter of FY26.
Here are key highlights from the Q1 results
Modest uptick in food delivery NOV in Q1FY26
CEO Deepinder Goyal, in his tweet, writes that the Net Order Value (NOV) for food delivery grew 13 per cent year-on-year and 9 per cent quarter-on-quarter, driven by continued softness in demand.
Blinkit Foods becomes a subsidiary; revenue surges 155% year-on-year
Quick commerce arm, Blinkit, registered a revenue of Rs 2400 crore in Q1FY26. Blinkit posted a 154.7 per cent YoY growth in revenue, as it stood at Rs 942 crore in Q1FY25.
In its board meeting held on Monday, the board approved the incorporation of Blinkit Foods as a wholly owned subsidiary. In its regulatory filing the company said that it is transitioning its quick commerce model to include inventory-led operations, which is expected to increase Blinkit’s revenue and reduce B2B segment contributions.
According to Goyal’s tweet Net Order Value (NOV) for Blinkit grew 127 per cent year-on-year and 25 per cent quarter-on-quarter to Rs 9,203 crore. “On the profitability front, our margins improved from -2.4 per cent of NOV in Q4FY25 to -1.8 per cent, despite continued investments in new store roll-outs and seasonal factors. We also added 243 net new stores in Q1FY26 and are on track to reach 2,000 stores by December 2025,” he wrote.
Hyperpure revenue jumps 89%
Hyperpure (B2B supply) revenue rose 89.36 per cent to Rs 2,295 crore in Q1FY26, up from Rs 1,212 crore a year ago. “Revenue in Hyperpure supplies (B2B business) will reduce as the non-restaurant B2B buyers were sellers on the Blinkit platform,” the company highlighted in its regulatory filing.
Deepinder Goyal on business growth and leadership
Deepended Goyal, CEO of Eternal, in a letter to investors, said that the YoY growth is likely to bottom out now as the company recover from the demand slowdown it started seeing in late 2024.
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