Eternal Q1 Results: Cons PAT skyrockets 268% YoY to Rs 92 crore; revenue zooms 182%

Food delivery giant Eternal on Wednesday reported a consolidated net profit of Rs 92 crore for the first quarter of FY27, registering a 268% year-on-year (YoY) jump from Rs 25 crore in the corresponding quarter last year.

The net profit is attributable to the owners of the parent company. Revenue from operations surged 182% YoY to Rs 20,211 crore from Rs 7,167 crore in the year-ago period, driven by strong growth across its businesses, the company said in a regulatory filing.

On a sequential basis, net profit declined 47% from Rs 174 crore reported in the previous quarter. Revenue from operations, on the other hand, rose 17% from Rs 17,292 crore, the company’s exchange filing showed.

Adjusted EBITDA for the quarter under review stood at Rs 555 crore, sharply higher than Rs 172 crore in the corresponding quarter of the previous financial year.

Eternal Q1 segment-wise performance
Food Delivery (Zomato):

NOV growth accelerated to over 20% YoY to Rs 10,769 crore, marking the fourth consecutive quarter of growth.

Gross Order Value (GOV) growth was a few percentage points higher on a YoY basis. However, the company will discontinue reporting this metric from the current quarter, as it believes NOV more accurately reflects underlying performance. Adjusted EBITDA margin improved to 5.6% of NOV, resulting in an adjusted EBITDA of Rs 606 crore, up 34% YoY.

Blinkit: NOV grew 86% YoY to Rs 17,132 crore, with sequential growth of 19%. The company added 200 net new stores during the quarter, taking the total store count to 2,443. Adjusted EBITDA improved for the fifth consecutive quarter to 0.6% of NOV, resulting in an adjusted EBITDA of Rs 102 crore, compared with a loss of Rs 162 crore in the year-ago period.

Going-out (District): NOV growth accelerated 60% YoY and 18% QoQ to Rs 3,218 crore. The adjusted EBITDA margin improved to -2% of NOV from -2.7% in the year-ago period, resulting in a loss of Rs 65 crore.

Hyperpure: Revenue grew 27% YoY on a like-for-like basis and 6% QoQ to Rs 1,034 crore. Adjusted EBITDA margin improved to 0.6% from -0.8% a year earlier, resulting in a profit of Rs 6 crore compared with a loss of Rs 18 crore in the year-ago period.

Bistro, Nugget: Adjusted Revenue grew to Rs 95 crore as compared to Rs 4 crore last year. Adjusted EBITDA losses increased from Rs 45 crore to Rs 94 crore, reflecting incremental investments as Eternal scale both initiatives.

Following the earnings release, Eternal shares pared all losses to end 1% higher at Rs 289.55 on the BSE.