Zomato and Blinkit parent Eternal posted strong performance for the March quarter, triggering a sharp Q4 uptick. Investors are also watching what the company’s refreshed strategy could mean for its next phase, as ETtech reports additional developments alongside the earnings headline. The results underline continued execution amid fierce competition in quick commerce and food delivery.
Eternal CEO Deepinder Goyal says the company turned adjusted EBITDA profitable in FY24 after 16 years, and now aims for $1 billion by FY29. In his shareholder letter, he attributes progress to growth in NOV, resilient India-first operations, and a scalable ecosystem designed to serve millions of customers, partners, and workers across the country.
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Eternal’s quick commerce arm Blinkit delivered a dramatic sequential profitability leap in the March quarter, with adjusted EBITDA rising more than 9X to ₹37 crore. The surge came alongside fast scaling in order value and store expansion, even as the company warned that aggressive discounting is creating “poor-quality growth” and low-margin SKU dependence. Blinkit expects a stronger rebound in Q1 FY27.
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