Formerly Zomato, Eternal reports strong Q3FY26 growth across food delivery, Blinkit and Hyperpure
Eternal, formerly Zomato, reported a 72.9 per cent year-on-year rise in consolidated net profit to Rs 102 crore for the third quarter ended December FY26. Revenue from operations surged 201.8 per cent to Rs 16,315 crore during the quarter.
The company also recorded sequential growth. Net profit increased from Rs 59 crore in Q1 FY26 and Rs 65 crore in Q2 FY26, while revenue rose from Rs 7,167 crore in the first quarter to Rs 13,590 crore in Q2 and further to Rs 16,315 crore in Q3.
On a year-on-year basis, revenue more than tripled from Rs 5,405 crore in Q3 FY25, while net profit increased from Rs 59 crore to Rs 102 crore. The improvement was driven by contributions from food delivery, quick commerce arm Blinkit and B2B supplies business Hyperpure.
Costs Rise Alongside Scale
Quarter-on-quarter, revenue grew 20 per cent and net profit rose 56.9 per cent. Total expenses increased to Rs 16,493 crore in Q3 from Rs 13,813 crore in the previous quarter. Delivery and related charges rose to Rs 2,376 crore from Rs 2,213 crore, while advertising expenses increased to Rs 937 crore from Rs 806 crore. Finance costs remained flat at Rs 87 crore, and depreciation stood at Rs 439 crore. Earnings per share rose to Rs 0.11 from Rs 0.07 in Q2.
Commenting on margin trends, CFO Akshant Goyal said, “The shift to own inventory also continues to be margin accretive, including in the previous quarter. So far, we have banked more than half of the 1 per cent point margin accretion that we expect as a result of this change.”
Deepinder Goyal Steps Down As CEO
During the quarter, the company announced a leadership transition. Founder and CEO Deepinder Goyal will step down from his role effective February 1, 2026. Blinkit CEO Albinder Singh Dhindsa will take over as CEO, and the board has recommended Goyal’s appointment as Vice Chairman.
Eternal reported a Rs 130 crore loss in total comprehensive income in the quarter, largely due to mark-to-market adjustments on investments. Earnings per share for Q3 increased to Rs 0.11 from Rs 0.06 in the year-ago period.
Nine-month Performance Reflects Expansion Costs
For the nine months ended FY26, the company’s revenue rose 157 per cent to Rs 37,072 crore compared with Rs 14,410 crore in the corresponding period last year. Net profit for the period declined 60.7 per cent to Rs 192 crore, reflecting higher expansion-related costs and losses in subsidiaries. Blinkit, Hyperpure and the GoingOut segments continued to see elevated investment levels.
“The fact that we landed on the positive side was not the result of a last-minute push or a cost-cutting exercise. Breakeven happened as a consequence of those choices – not as a goal. That gives me confidence in our business model,” said founder Deepinder Goyal.
