Noida, Apr 28 (APAC Media): Eternal, the parent company of Zomato, on Tuesday reported a 346% year-on-year hike in its consolidated net profit to Rs 174 crore for the quarter ended March 2026, compared with Rs 39 crore in the same period last year.
On a sequential basis, the company’s net profit rose 70.58% from Rs 102 crore reported in the December quarter.
The company’s revenue from operations surged 196.5% year-on-year to Rs 17,292 crore in the March quarter, compared with Rs 5,833 crore in the corresponding period last year.
On a sequential basis, revenue rose 5.98% from Rs 16,315 crore reported in Q3 FY26.
Eternal reported revenue from operations of Rs 54,364 crore for FY26, up from Rs 20,243 crore in FY25, supported by strong growth across its food delivery, quick commerce and adjacent business segments.
Profit for the full financial year stood at Rs 366 crore, up 31% compared with Rs 527 crore in the previous financial year.
Zomato’s net order value (NOV) rose 18.8% year-on-year, though it declined 0.9% sequentially, marking the third consecutive quarter of improvement and moving closer to the company’s long-term target of over 20% growth.
Gross order value (GOV) increased 22.5% year-on-year. Adjusted EBITDA margin, as a percentage of NOV, improved to 5.5%, while absolute adjusted EBITDA stood at Rs 532 crore, up 24% year-on-year.
Revenue from the food delivery business rose 30% year-on-year to Rs 3,125 crore from Rs 2,409 crore in the corresponding period last year. On a sequential basis, revenue increased from Rs 3,053 crore.
“Last year (FY26), 109 million Indians completed transactions worth over $10 billion through Blinkit, District and Zomato. The company I accidentally started now touches how India eats, shops and goes out. However, it took us 18 years to reach the $10 billion annual milestone,” said Deepinder Goyal.
Blanket’s net order value (NOV) in the quick commerce segment surged 95.4% year-on-year and 8.2% sequentially.
The company added 216 net new stores during the quarter, taking its total store count to 2,243. Adjusted EBITDA improved to Rs 37 crore, equivalent to 0.3% of NOV, compared with Rs 4 crore in the previous quarter.
The going-out segment, District, reported a 46.5% year-on-year growth in net order value (NOV), while sequentially it rose 5.8%.
Adjusted EBITDA loss for the segment narrowed to Rs 81 crore from Rs 121 crore in Q3FY26, with the margin improving to -3.0% from -4.7% in the previous quarter.
The hyperpure restaurant supply business reported revenue growth of 37% year-on-year, up from 33% in the previous quarter.
“Between FY23 and FY26, Blanket’s net order value (NOV) grew at a 104% CAGR. Growth rates are now naturally moderating off a much larger base. Over the next three years, NOV growth CAGR should easily be north of 60%,” said Albinder Dhindsa.
The segment’s adjusted EBITDA margin improved to 0.5%, translating into a profit of Rs 5 crore, compared with Rs 1 crore in the preceding quarter.
“Quick commerce today is still concentrated in the top 15–20 cities and in a relatively narrow set of categories. The headroom for growth on geography, assortment and frequency is substantial,” he added.
Average monthly transacting customers (MTCs) on Zomato increased to 25.4 million, up from 24.9 million in the previous quarter and 20.9 million in the same period last year.
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