Eternal Limited, formerly known as Zomato Limited, reported a robust set of results for the second quarter of FY26, with strong revenue growth across its food delivery and quick commerce businesses, though margins remained under pressure.
The company’s revenue from operations jumped 183% year-on-year to Rs 13,590 crore, compared to Rs 4,799 crore in the same quarter last year. Sequentially, revenue nearly doubled from Rs 7,167 crore in Q1 FY26. Including other income of Rs 352 crore, total income reached Rs 13,942 crore for the quarter.
EBITDA for Q2 stood at Rs 2.4 billion, up from Rs 2.26 billion in the same quarter last year but below the estimated Rs 2.56 billion. The EBITDA margin, however, narrowed to 1.76%, compared to 4.71% YoY, missing expectations of 3.20%, due to higher operating costs in its quick commerce segment and increased marketing spend.
In segment performance, India food ordering and delivery revenue rose to Rs 24.8 billion, up from Rs 22.6 billion in the previous quarter, reflecting strong user engagement and higher order volumes. The quick commerce business, led by Blinkit, continued its momentum, recording Rs 98.9 billion in revenue, significantly higher from Rs 24.0 billion in the same period last year.
Total expenses increased to Rs 13,813 crore, compared to Rs 4,783 crore a year ago, primarily driven by higher procurement and logistics costs. Profit before tax stood at Rs 129 crore, compared to Rs 237 crore last year, while net profit came in at Rs 65 crore, down from Rs 90 crore YoY but higher than Rs 25 crore sequentially.
For the half-year ended September 30, 2025, Eternal reported total revenue of Rs 20,757 crore and a net profit of Rs 217 crore, supported by sustained growth across both B2C and B2B segments.
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