Posted April 29, 2026
Eternal Q4 Results FY26: Profit Jumps 346% to Rs 174 Crore, Blinkit Powers Massive Growth
Introduction
Eternal Ltd., the parent company of food delivery platform Zomato and quick-commerce brand Blinkit, reported a strong set of Q4 FY26 earnings. The company delivered sharp growth in revenue, profitability, and operating performance, showing how India’s digital consumption story continues to strengthen. The biggest highlight of the quarter was Blinkit’s rapid expansion and improving margins. For investors tracking internet, tech, and quick-commerce stocks, Eternal’s results are an important signal for the sector.
Eternal Q4 FY26 Results Snapshot
Eternal posted a consolidated net profit of Rs 174 crore in Q4 FY26, compared with Rs 39 crore in the same quarter last year, marking a 346% YoY jump. Revenue from operations surged 196% YoY to Rs 17,292 crore, versus Rs 5,833 crore a year ago. On a sequential basis too, profits and revenue improved strongly, indicating momentum remained healthy.
Key Numbers
- Net Profit: Rs 174 crore
- YoY Profit Growth: +346%
- Revenue: Rs 17,292 crore
- YoY Revenue Growth: +196%
- Sequential Profit Growth: +70% approx.
- Total Income: Rs 17,634 crore
Blinkit Becomes Growth Engine
Blinkit continued to be the biggest driver of Eternal’s growth. The quick-commerce business reported Net Order Value (NOV) growth of 95% YoY and 8% QoQ. The company added 216 net new stores during the quarter, taking total Blinkit stores to 2,243.
Even more importantly, Blinkit’s adjusted EBITDA turned positive at Rs 37 crore, compared to Rs 4 crore in the previous quarter, showing improving unit economics.
Why This Matters
Quick-commerce was once seen as a cash-burning model. Eternal’s Q4 numbers show that scale plus efficiency can turn the business profitable, which is a major positive for long-term investors.
Zomato Food Delivery Still Strong
While Blinkit stole the spotlight, Zomato’s core food delivery business remained steady. Food delivery revenue grew 33% YoY to Rs 2,737 crore, while order value rose 19% YoY to Rs 9,757 crore.
This indicates that Eternal is not dependent on only one segment. It now has multiple engines of growth.
Other Business Segments
Eternal now operates across four major verticals:
- Zomato – Food delivery
- Blinkit – Quick commerce
- Hyperpure – Restaurant supply chain
- District – Going-out / events platform
Hyperpure also showed improving EBITDA margins, indicating overall business diversification is strengthening.
Annual Performance FY26
For the full financial year FY26:
- Revenue rose sharply to Rs 54,364 crore
- Annual profit stood at Rs 366 crore
Although annual profit was lower than the previous year due to expansion investments, quarterly trends suggest earnings momentum is improving.
Stock Market Reaction
After the strong results, Eternal shares rallied over 4%, touching around Rs 265 in post-results trade. Markets reacted positively to better-than-expected profitability and Blinkit’s improving business economics.
Sector Impact on Indian Stock Market
Eternal’s strong results are positive for:
Internet & New Age Tech Stocks
The quarter proves listed digital businesses can move toward profits while maintaining growth.
Quick Commerce Sector
Competitors such as Swiggy Instamart, Zepto, and BigBasket may face higher competitive pressure.
Consumption Theme
Growing order values show Indian urban consumption demand remains strong.
Risks to Watch
- Rising competition in quick commerce
- Heavy discounting pressure
- Margin volatility during expansion
- Regulatory changes in gig economy / labor costs
- High valuation sensitivity
Future Outlook
Management commentary suggests Blinkit could grow over 4x in the next three years, with long-term NOV CAGR expected to be above 60%. If execution remains strong, Eternal could become one of India’s biggest digital consumption platforms.
Conclusion
Eternal Q4 FY26 results clearly show a company entering its next growth phase. A 346% rise in profit and nearly a 196% jump in revenue reflect strong business momentum, while Blinkit’s rapid expansion and improving profitability have changed investor perception toward quick commerce. Zomato’s stable food delivery business continues to provide a solid base, and other segments like Hyperpure add diversification. While competition and valuations remain key risks, Eternal has demonstrated that growth and profits can coexist. For investors focused on India’s digital economy, Eternal remains one of the most closely watched growth stories in the stock market.
