Eternal Limited Q4 FY26 Results: Profit Jumps 346%, Revenue Surges to Rs. 17,292 Crore
Eternal Limited, parent company of Zomato, reported a sharp rise in earnings for Q4 FY26, driven by strong growth in food delivery, quick commerce arm Blinkit, and improving performance across new business verticals.
Eternal Q4 FY26 Highlights
- Consolidated Net Profit: Rs. 174 crore
- YoY Profit Growth: 346% (vs Rs. 39 crore last year)
- Revenue from Operations: Rs. 17,292 crore
- YoY Revenue Growth: 196.5%
The March quarter performance reflects rapid scale-up across the company’s digital commerce ecosystem.
Eternal FY26 Full-Year Performance
For the full financial year FY26:
- Total Revenue: Rs. 54,364 crore
- FY25 Revenue: Rs. 20,243 crore
- Annual Profit: Rs. 366 crore
- Profit Growth: 31% YoY
This indicates strong topline expansion with steady profitability improvement.
Zomato Food Delivery Business Performance
Zomato continued to deliver stable growth.
- Net Order Value (NOV): Up 18.8% YoY
- Gross Order Value (GOV): Up 22.5% YoY
- Adjusted EBITDA Margin: 5.5% of NOV
- Adjusted EBITDA: Rs. 532 crore
- Segment Revenue: Rs. 3,125 crore (up 30% YoY)
The company is nearing its long-term 20% order growth target in food delivery.
Blinkit Emerges as Key Growth Engine
Blinkit remained the biggest growth driver in Q4 FY26.
- NOV Growth: 95.4% YoY
- Net New Stores Added: 216
- Total Stores: 2,243
- Adjusted EBITDA: Rs. 37 crore (vs Rs. 4 crore previous quarter)
Blinkit continues to benefit from rising quick commerce demand in India.
District Going-Out Business Improves
District posted improving operating metrics.
- NOV Growth: 46.5% YoY
- Adjusted EBITDA Loss: Reduced to Rs. 81 crore
- Previous Quarter Loss: Rs. 121 crore
- Margin Improved: -3.0%
This shows improving operating leverage in the lifestyle and going-out segment.
Hyperpure Turns Profitable
Hyperpure, the B2B restaurant supply business, delivered profitable growth.
- Revenue Growth: 37% YoY
- Adjusted EBITDA Profit: Rs. 5 crore
- Margin: 0.5%
This is a positive milestone for Eternal’s B2B expansion strategy.
User Growth Strong Across Platforms
- Average Monthly Transacting Customers: 25.4 million
- Last Year: 20.9 million
Strong user growth indicates rising engagement across food delivery, quick commerce and other services.
Management Commentary
CEO Deepinder Goyal said over 109 million users transacted more than $10 billion across Zomato, Blinkit and District during FY26.
Blinkit CEO Albinder Dhindsa stated Blinkit delivered 104% CAGR in NOV between FY23 and FY26, with expected future CAGR above 60% over the next three years.
Chanakya View
Eternal Limited has transformed into a multi-engine digital commerce company. Food delivery offers steady profits, Blinkit drives hyper-growth, while Hyperpure and District are improving. If execution remains strong, Eternal may continue to command premium valuations in India’s internet space.
