Eternal Limited reported a 57% year-over-year growth in B2C Net Order Value (NOV) for Q2FY26, reaching INR 23,164 crore. Adjusted Revenue increased by 172% to INR 13,968 crore, while Adjusted EBITDA stood at INR 224 crore. Quick commerce NOV growth accelerated to 137% YoY. The company is expanding its store network, aiming for 2,100 stores by December 2025 and 3,000 stores by March 2027.
Q2FY26 Financial Highlights
Eternal Limited (formerly known as Zomato Limited) announced its financial results for Q2FY26, showcasing significant growth across its key business segments:
- B2C NOV: Grew by 57% YoY to INR 23,164 crore
- Adjusted Revenue: Increased by 172% YoY to INR 13,968 crore
- Adjusted EBITDA: Reached INR 224 crore
The company experienced strong growth in quick commerce and is focusing on expanding its store network and improving profitability.
Segment Performance
Key performance details for each segment include:
- Quick Commerce: NOV growth accelerated to 137% YoY. Losses decreased, and network expansion continued with 272 net new stores.
- Food Delivery: Growth rate bottomed out, showing 14% YoY NOV growth, with profitability improving to 5.3% of NOV.
- Going-Out: NOV grew by 32% YoY, with continued investments in category creation.
- Hyperpure: Restaurant business grew by 42% YoY, with improving EBITDA margin. The non-restaurant business declined due to the shift to inventory ownership in quick commerce.
Strategic Initiatives and Outlook
Eternal Limited is focused on several strategic initiatives:
- Expanding the quick commerce store network, targeting 2,100 stores by December 2025 and 3,000 stores by March 2027.
- Improving profitability in the food delivery business.
- Scaling the core restaurant business in Hyperpure and achieving profitability in the next two quarters.
- Continuing investments in building District for the going-out business.
Management Commentary
The management noted that the recovery in food delivery growth has been slower than expected, and they anticipate a slow uptick in growth rate in the near term. They also emphasized investments in growth and market share within the quick commerce segment to improve customer confidence and loyalty.
Source: BSE