Eternal Q2 net profit rises 92% in FY27, revenue up 78%
Blinkit remained a key contributor to Eternal’s revenue, reporting Rs 19,152 crore in revenue in Q2 FY27.
Eternal, the parent company of Zomato and Blinkit, reported a significant rise in net profit and revenue during the second quarter of fiscal year 27. Net profit increased by 92.3% YoY, reaching Rs 125 crore, while revenue climbed 78% YoY to Rs 24,138 crore. However, the company did not meet analysts' estimates, which had forecast a net profit of Rs 250 crore.
In the food delivery segment, Zomato saw a 21.5% YoY growth in Net Order Value. Blinkit, the quick commerce platform, contributed significantly to the revenue, accounting for Rs 19,152 crore in the second quarter. The platform's Net Order Value grew by 79.3% YoY, with 308 new stores added, raising the total store count to 2,751.
Blinkit's adjusted EBITDA improved for the sixth consecutive quarter, reaching 0.9% of Net Order Value and resulting in a profit of Rs 184 crore, compared to a loss of Rs 156 crore in the previous year. Eternal Group CEO Albinder Singh Dhindsa expressed optimism about the growth potential of Blinkit, stating that the company aims to exceed 3,500 stores by March 2027 and potentially reach 5,000 by March 2028.
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