Eternal Limited, formerly known as Zomato Limited, announced its financial results for the quarter ending March 31, 2026. The company reported a significant 186% YoY increase in adjusted revenue, reaching INR 17,680 crore. Consolidated adjusted EBITDA rose to INR 429 crore, marking a 160% YoY growth. The company continues to see strong performance across its core segments, with a focus on long-term durable growth and operational efficiency in the physical world.
Financial Performance Highlights
Eternal Limited delivered robust results for Q4 FY26. The consolidated adjusted revenue grew by 186% YoY to INR 17,680 crore. While the shift to a 1P model in quick commerce contributed to this revenue growth, the underlying like-for-like consolidated adjusted revenue growth remained a strong 64% YoY. The consolidated adjusted EBITDA improved substantially to INR 429 crore, a 160% increase compared to the same quarter last year.
Segment-Wise Analysis
- Food Delivery (Zomato): Showed strong momentum with a 18.8% YoY growth in net order value. Adjusted EBITDA reached INR 532 crore, improving to a 5.5% margin.
- Quick Commerce (Blinkit): Continued its rapid expansion with 95.4% YoY growth in net order value. The business reached a significant milestone of 2,243 total stores, with an adjusted EBITDA of INR 37 crore.
- Going-out (District): Recorded 46.5% YoY growth in net order value, with a notable reduction in adjusted EBITDA losses to INR 81 crore.
- B2B Supplies (Hyperpure): Achieved an absolute adjusted EBITDA profit of INR 5 crore, with a revenue growth of 37% YoY.
Strategic Vision and Future Outlook
The company emphasizes that its ‘moat is physical’, focusing on solving complex real-world coordination problems. With a goal of reaching $1 billion in adjusted EBITDA by FY29, Eternal Limited is investing in demand densification, assortment expansion, and geographic coverage. The leadership remains confident that the company’s focus on building durable brands—Zomato, Blinkit, and District—will sustain its growth trajectory and allow for long-term scalability across India.
Commitment to Sustainability
The company also reported progress on its ESG initiatives. Key highlights include the distribution of 1 million saplings through its agroforestry initiative and a significant increase in EV-based delivery partners, which doubled to over 100,000 by March 2026. Furthermore, Feeding India continues to support 1.4 lakh+ children daily through 2,300+ centers.
Source: BSE
