Eternal’s Q1 FY27 earnings surge: profit rockets 268% as revenue crosses ₹20,000 cr

Eternal, the parent of Zomato, Blinkit, Hyperpure and District, surprised investors on July 22 with a Q1 FY27 earnings package that looks more like a growth story than a routine quarterly update. The company posted a consolidated net profit of ₹92 crore, a jaw‑dropping 268 % jump from the same quarter a year earlier, while revenue swelled to ₹20,211 crore – up 182 % YoY.

What’s driving this surge? Blinkit, the quick‑commerce arm, now accounts for roughly 77.5 % of total turnover, delivering ₹15,664 crore in revenue – a mind‑blowing 552.7 % increase over the previous year. The food‑delivery segment, still branded under Zomato, contributed about 15.3 % (≈ ₹3,100 crore) and grew 33 % YoY. Smaller but strategic businesses – Hyperpure (₹1,034 crore) and District (₹318 crore) – also added to the top line.

On the profitability front, the adjusted EBITDA rose to ₹555 crore, translating into a 5.5 % margin on the net order value of ₹10,769 crore. However, the bottom line slipped a touch on a sequential basis – profit fell 47 % from the December‑March quarter – as the company reinvests heavily in technology, logistics and expanding its grocery footprint.

Chief Financial Officer Akshant Goyal told analysts that “the solid top‑line momentum is a testament to the continued consumer shift towards online‑first ordering, especially in tier‑2 and tier‑3 cities.” CEO Deepinder Goyal added that “our focus remains on building a unified, end‑to‑end platform that can serve everything from a quick snack to a full‑course meal, and the numbers we’re seeing today are just the early signs of that vision taking shape.”

Analysts at Kotak highlighted that while the net profit missed the narrowest consensus estimate of ₹100 crore, the revenue beat expectations comfortably, prompting a modest upgrade in the stock’s target price. The consensus‑based net‑order‑value growth of 20 % coupled with a robust contribution from Blinkit suggests the group’s quick‑commerce strategy is finally bearing fruit.

Looking ahead, Eternal has sign‑posted a continued emphasis on cost efficiency and margin expansion. With the food‑delivery market still fragmented and the quick‑commerce space heating up, the company expects the next quarter to see a steadier profit trajectory as operational synergies kick in.

Investors will be watching the June‑ended quarter closely, not just for headline numbers but for the path the firm charts to turn its rapid top‑line growth into sustainable earnings. For now, the earnings beat underscores a decisive shift – Eternal is no longer just a delivery app; it’s shaping up to be a full‑stack consumer platform.