More Stories

Informist, Wednesday, Jul. 22, 2026

 

Please click here to read all liners published on this story

--Eternal Apr-Jun consol net profit INR 920 mln 
--Analysts saw Eternal Apr-Jun consol net profit at INR 2.95 bln 
--Eternal Apr-Jun consol revenue INR 202.11 bln 
--Analysts saw Eternal Apr-Jun consol revenue at INR 198.30 bln 
--Eternal Apr-Jun consol net profit INR 920 mln vs INR 1.74 bln qtr ago 
--Eternal Apr-Jun consol revenue INR 202.11 bln vs INR 172.92 bln qtr ago 
--Eternal Q1 consol delivery expenses INR 31.50 bln vs INR 26.07 bln qtr ago 
--Eternal Q1 consol stock-in-trade spend INR 128.60 bln vs INR 106.87 bln QoQ 
--Eternal Q1 consol employee cost INR 10.68 bln vs INR 9.27 bln qtr ago 
--Eternal Apr-Jun consol depreciation INR 5.46 bln vs INR 4.68 bln qtr ago 
--Eternal Q1 consol adjusted EBITDA INR 5.55 bln vs INR 4.29 bln qtr ago 
--Eternal Q1 food delivery adj revenue INR 35.37 bln vs INR 31.25 bln QoQ 
--Eternal Q1 quick commerce revenue INR 156.64 bln vs INR 132.32 bln qtr ago 
--Eternal Q1 quick commerce revenue up 22% on quarter on like-to-like basis 
--Eternal Q1 Hyperpure revenue INR 10.34 bln vs INR 9.78 bln quarter ago
--Eternal Q1 quick commerce adj EBITDA INR 1.02 bln vs INR 370 mln qtr ago 
--Eternal Q1 going-out revenue INR 3.18 bln vs INR 2.77 bln quarter ago 
--Eternal Q1 going-out adj EBITDA loss INR 650 mln vs loss INR 810 mln QoQ 
--Eternal Q1 food delivery net order value INR 107.7 bln vs INR 97.6 bln QoQ 
--Eternal Q1 quick commerce net order value INR 171.3 bln vs INR 143.9 bln 
--Eternal: Inventory losses for quick commerce ops at 1.8% of net order value 
--Eternal: No hit to supply despite higher fuel, raw material prices 

 

By Avishek Rakshit

 

KOLKATA – Food delivery and quick commerce company Eternal Ltd. Wednesday reported a 47% sequential fall in consolidated net profit for the June quarter to INR 920 million although its revenues increased during the quarter. The company's net profit missed the Street's estimate of INR 2.95 billion by the proverbial mile.

 

The company's consolidated revenues for the June quarter rose 17% on quarter to over INR 202 billion, exceeding the Street's expectation of around INR 198 billion. The revenue surge mainly came in from the company's quick commerce business under the Blinkit brand and food delivery business under the Zomato brand. 

 

During the June quarter of the financial year 2024-25 (Apr-Mar), the group had started transitioning the quick-commerce business from a marketplace model to one led by a combination of marketplace and inventory. Owing to this change, revenues from the quick-commerce segment now include revenue from direct sales to customers on the Blinkit platform and not just the marketplace commission on such sales.

 

The net order value on the food delivery platform increased to INR 107.7 billion in the June quarter from INR 97.6 billion in the March quarter. This led the adjusted revenue from food delivery operations to increase 13% on quarter to over INR 35 billion. 

 

Revenues from its quick-commerce business also increased over 18% on quarter to nearly INR 157 billion in the June quarter as the net order value increased to INR 171.3 billion from INR 143.9 billion in the March quarter. On a like-to-like basis, which discounts revenue from new dark stores, the top line from quick commerce rose 22% on quarter.

 

The wholesale model-based Hyperpure division also registered around 6% sequential top-line growth to a little over INR 10 billion, and the going-out business division's revenue increased around 15% on quarter to INR 3.18 billion. Eternal's going-out business is a combination of dining-out and entertainment ticketing businesses where end users use the dining-out offering to search and discover restaurants, reserve tables, avail offers, and make payments while physically dining out at restaurants. In the entertainment ticketing business, Eternal offers ticketing services to customers for movies, sports, and events, and also offer services like event production and management.

 

Eternal's consolidated expenses on deliveries increased nearly 21% on quarter to over INR 31.5 billion in the June quarter. Purchases of stock-in-trade increased over 20% on quarter to nearly INR 129 billion. Employee costs increased 15% on quarter to nearly INR 11 billion and depreciation expenses increased 17% to over INR 5.5 billion.

 

Inventory losses were 1.8% of the net order value, mainly due to losses on account of expiry, shrinkage, damage, loss in transit, or pilferage of perishable products, an important category for the quick-commerce business.

 

Eternal's June quarter consolidated adjusted earnings before interest, tax, depreciation, and amortisation increased over 29% on quarter to INR 5.55 billion, mainly on account of an improvement in its quick-commerce EBITDA, which increased to slightly over INR 1 billion from INR 370 million a quarter ago. The EBITDA loss from its going-out business narrowed to INR 650 million from INR 810 million in the March quarter.

 

In a letter to the company's shareholders submitted to the bourses, Eternal said the growth in its net order value in the quick commerce platform in the June quarter was largely driven by seasonality and was on expected lines. "We continue to focus our efforts on our three pillars of long-term growth--assortment expansion, geographical expansion, and demand densification," as per the letter.

 

In the June quarter, Eternal focused on assortment expansion in the top eight cities and geographical expansion in the next 30 cities. Going forward, premiumisation through the launch of gourmet stores in select locations in the top eight cities will also contribute to assortment expansion on the platform. "These gourmet stores offer our customers the ability to buy curated premium brands across categories," the letter read.

 

In the letter, Eternal said there was no visible impact on its supplies from higher fuel and raw material costs. "Input costs across select raw materials are beginning to witness some inflationary pressure but that has not impacted production volumes or supply from brands so far," it said in the letter.

 

Wednesday, shares of Eternal closed at INR 284.40 on the National Stock Exchange, down 0.8% from Tuesday. The company declared its June quarter results towards the end of the trading hours.  End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.