Eternal reports 63% drop in Q2 profit, despite strong revenue growth

ByEnigma 808

Food delivery company Eternal, formerly Zomato, reported a 63% drop in net profit for the July–September quarter (Q2 FY26), posting Rs 65 crore compared to Rs 176 crore in the same period last year. However, this was an improvement over the Rs 25 crore profit in the previous quarter (Q1 FY26).

Eternal’s revenue from operations surged 183% year-on-year to Rs 13,590 crore, up from Rs 4,799 crore in Q2 FY25. Sequentially, it rose by 90% from Rs 7,167 crore in Q1 FY26. The company’s adjusted EBITDA fell 32% year-on-year to Rs 224 crore.

Eternal’s quick commerce business performed well, with a 137% year-on-year growth in net order value (NOV). Blinkit, its quick commerce arm, reduced its losses to Rs 156 crore, improving its adjusted EBITDA margin slightly. Despite these results, Eternal’s stock dropped by 3.91%, closing at Rs 340.50.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.