Markets
Eternal Q2 results: profit up 92% to ₹125 crore, revenue jumps 78% as Blinkit grows
Zomato's parent beat its low base on quick commerce; Blinkit now has 2,751 stores and targets 3,500 by March 2027.
Companies in this story
Eternal, the company behind Zomato and Blinkit, reported a July–September (Q2 FY27) net profit of ₹125 crore on Wednesday evening, up 92% from ₹65 crore a year earlier, Business Standard reported. Revenue rose 77.6% to ₹24,138 crore.
Most of the growth came from Blinkit, its 10-minute delivery business. Blinkit's net order value (NOV, the total value of orders placed) rose 79.3% to ₹20,940 crore and its revenue rose 93.6% to ₹19,152 crore. Blinkit's adjusted EBITDA, a measure of operating profit before interest, tax and depreciation, was ₹184 crore. It ended the quarter with 2,751 dark stores (small warehouses used for fast delivery); the company now expects more than 3,500 by March 2027 and about 5,000 by March 2028. Food delivery NOV grew 21.5% to ₹11,445 crore.
Why is a 92% jump still only ₹125 crore? Because the base was small. Worked example: profit going from ₹65 crore to ₹125 crore is a ₹60 crore rise, which is 92% of ₹65 crore, but it is about 0.5% of the quarter's ₹24,138 crore revenue. That thin margin is normal for a fast-growing delivery business that is spending heavily on new stores. Cash fell to ₹16,475 crore from ₹18,288 crore, which the company linked to festive-season inventory. A headline on Business Standard said profit fell short of estimates; earlier brokerage previews had pencilled in about ₹228–293 crore adjusted profit, though methods differ.
Key takeaway: Blinkit's growth and first steady profits are the story; investors will watch whether margins rise as store openings speed up.
| Market | Level | Change |
|---|---|---|
| Net profit₹65 cr a year ago | ₹125 cr | +92% YoY |
| Revenue | ₹24,138 cr | +77.6% YoY |
| Adjusted EBITDA | ₹666 cr | +197% YoY |
| Blinkit NOV2,751 stores | ₹20,940 cr | +79.3% YoY |
| Food delivery NOV28 mn monthly customers | ₹11,445 cr | +21.5% YoY |
| Cash balanceFrom ₹18,288 cr; festive working capital | ₹16,475 cr |
Eternal is one of India's largest consumer-internet companies, so its numbers set the tone for Swiggy, which reports on Thursday, and for other new-age tech stocks. Its shares fell 2.45% to ₹312.35 before the results.
Sources
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
💬 Comments
Be respectful and stay on topic. No stock tips or promotions; comments are moderated.
Comments are opening soon. Meanwhile, share your view on X or Telegram using the buttons above.