Eternal Limited (formerly known as Zomato Limited) reported strong performance in its quick commerce segment for the second quarter of FY26, making it the company’s fastest-growing business vertical.
As per the company’s Q2 earnings report, quick commerce revenue jumped to Rs 9,891 crore, compared to Rs 2,407 crore in the previous quarter (Q1 FY26) and Rs 1,156 crore in the same quarter last year (Q2 FY25). This marks a year-on-year growth of over 755% and a quarter-on-quarter increase of 311%, driven by robust momentum in Blinkit, Eternal’s quick delivery arm.
The segment now contributes a significant portion to Eternal’s total revenue from operations of Rs 13,590 crore, which rose 183% year-on-year from Rs 4,799 crore. The surge in quick commerce was supported by higher customer frequency, expansion of delivery hubs, and stronger demand for essentials, beauty, and grocery products across major cities.
Despite the stellar top-line growth, profitability remained under pressure. Eternal’s EBITDA stood at Rs 240 crore, up from Rs 226 crore a year ago but slightly below expectations of Rs 256 crore. The EBITDA margin dropped to 1.76%, compared to 4.71% YoY, reflecting higher logistics and promotional spending to sustain market leadership in the quick delivery space.
Company management noted that Blinkit continues to record strong order volumes and repeat purchases, underscoring Eternal’s strategic focus on scaling its quick commerce network across India.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
