<a href="https://www.mid-day.com/business/business-news/article/eternal-q1fy27-net-profit-jumps-nearly-fourfold-to-rs-92-crore-23641069" target="_blank" rel="none noopener">Eternal, the parent entity of Zomato and Blinkit</a>, on Wednesday reported a consolidated net profit of Rs 125 crore for the September quarter, nearly doubling from Rs 65 crore a year ago, on robust revenue growth.
The company's revenue from operations stood at Rs 24,138 crore in the second quarter of the ongoing financial year, up from Rs 13,590 crore on a year-on-year basis, according to a regulatory filing to the exchanges.
Meanwhile, its total expenses also shot up to Rs 24,166 crore from Rs 13,813 crore a year ago. Blinkit added 308 net new stores, taking its network to 2,751 stores, and expects to cross 3,500 stores by March 2027.
Meanwhile, for <a href="https://www.mid-day.com/business/business-news/article/zomato-starts-charging-customers-opting-for-cash-on-delivery-levies-an-additional-fee-of-up-to-rs-20-23649662" target="_blank" rel="none noopener">Zomato, the food delivery </a>NOV (net order value) grew 21.5 per cent year-on-year to Rs 11,445 crore, Eternal stated.
The quick commerce NOV grew 79.3 per cent to Rs 20,940 crore, with Blinkit reporting Rs 184 crore adjusted EBITDA profit and a sixth consecutive quarter of margin improvement, Eternal said.
Eternal Founder Deepinder Goyal said, "We're happy with how the business is doing right now. That said, we try not to read too much into any single quarter. Our long-term expectation for food delivery has always been 20 per cent plus annual growth, and the last two quarters have brought us back to that range. This view didn't change last year when growth slowed, and it doesn't change now that it has picked up."
Commenting on the quick commerce segment, Akshant Goyal, CFO, Eternal, said, "We now expect to cross 3,500 stores by March 2027, and our current plans point to about 5,000 stores by March 2028. Our cash balance and profits from both food delivery and <a href="https://www.mid-day.com/mumbai/mumbai-news/article/mumbai-quick-commerce-warehouses-face-fda-action-over-food-safety-lapses-23644865" target="_blank" rel="none noopener">quick commerce</a> businesses, also let us fund this pace of growth comfortably. We expect adjusted EBITDA margins to keep improving through this expansion."
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Revenue from operations stood at Rs 24,138 crore in the September quarter as against Rs 13,590 crore  in the previous year

Eternal Q2FY27 net profit nearly doubles to Rs 125 crore

RBI MPC minutes indicate further rate hikes amid inflation risks

The company's revenue from operations stood at Rs 24,138 crore in the second quarter of the ongoing financial year, up from Rs 13,590 crore on a year-on-year basis

Eternal Q2FY27 consolidated net profit nearly doubles to Rs 125 crore

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Home / Business / Business News / Article / Eternal Q2FY27 consolidated net profit nearly doubles to Rs 125 crore