Eternal Limited, formerly known as Zomato Limited, announced its Q2 FY26 financial results, reporting a robust surge in both revenue and profitability driven by expansion across food delivery, Blinkit, and quick commerce segments.
The company’s revenue from operations rose 183% year-on-year to Rs 13,590 crore, compared to Rs 4,799 crore in Q2 FY25. Sequentially, revenue nearly doubled from Rs 7,167 crore in Q1 FY26. Including other income of Rs 352 crore, total income stood at Rs 13,942 crore, versus Rs 5,020 crore in the same quarter last year.
On the expense front, total costs increased to Rs 13,813 crore, up from Rs 4,783 crore a year ago, primarily due to higher purchase of stock-in-trade at Rs 8,795 crore and delivery-related charges at Rs 2,213 crore.
Profit before tax (PBT) stood at Rs 129 crore, compared to Rs 237 crore in Q2 FY25. After accounting for tax expenses of Rs 64 crore, Eternal Limited reported a net profit of Rs 65 crore, down 63% from Rs 176 crore in the same quarter last year but marking a sharp improvement sequentially from Rs 25 crore in Q1 FY26.
Eternal reported EBITDA of Rs 2.4 billion, up from Rs 2.26 billion in the same period last year, though slightly below market expectations of Rs 2.56 billion. However, the EBITDA margin fell sharply to 1.76% from 4.71% year-on-year, missing the Street estimate of 3.20%, indicating higher input costs and increased investments in expansion.
For the half year ended September 30, 2025, Eternal posted revenue of Rs 20,757 crore and profit of Rs 217 crore, showcasing the company’s continued growth momentum following its restructuring and rebranding earlier this year.
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