Eternal Limited, formerly Zomato, reported robust financial results for the second quarter of FY27, with consolidated revenue leaping 76% year-on-year to ₹24,621 crore. This growth was driven by strong performance across its food delivery and quick commerce segments. The company also achieved a significant 197% YoY increase in Adjusted EBITDA, reaching ₹666 crore, underscoring improving profitability and operational efficiency.
Eternal Limited Reports Strong Q2 FY27 Performance
Eternal Limited (formerly Zomato Limited) announced its financial results for the second quarter ended September 30, 2026, showcasing significant year-on-year growth in both revenue and profitability. Consolidated Adjusted Revenue surged by 76% to ₹24,621 crore, a notable increase from the ₹13,968 crore reported in Q2 FY26. Like-for-like growth stood at 58%, with the difference attributed to a business model shift in quick commerce.
Key Financial Highlights
The company’s Adjusted EBITDA saw a substantial rise of 197% year-on-year, reaching ₹666 crore in Q2 FY27, compared to ₹224 crore in the prior year period. This strong EBITDA performance reflects improved operational leverage and cost management across the business.
Segmental Performance Overview
Food Delivery (Zomato): This segment continued its growth momentum, with Net Order Value (NOV) increasing by 21.5% year-on-year to ₹11,445 crore. Adjusted EBITDA for the segment was ₹627 crore, with an EBITDA margin of 5.5% of NOV.
Quick Commerce (Blinkit): The quick commerce business demonstrated exceptional growth, with NOV up 79.3% year-on-year to ₹20,940 crore. The segment reported an Adjusted EBITDA of ₹184 crore, with margins improving to 0.9% of NOV. Blinkit added 308 net new stores, bringing the total to 2,751 stores.
Going-out (District): The going-out segment registered a NOV growth of 58.0% year-on-year, reaching ₹3,259 crore. Adjusted EBITDA loss improved to -2.0% of NOV, with the EBITDA loss standing at ₹64 crore.
B2B Supplies (Hyperpure): Revenue for this segment grew 22.7% (LFL) to ₹1,154 crore. Adjusted EBITDA turned positive at ₹10 crore, a significant improvement from a loss in the previous year.
Cash Position
The closing cash balance as at the end of Q2 FY27 stood at ₹16,475 crore, a decrease of ₹1,813 crore from the previous quarter, primarily due to a seasonal increase in net working capital and inventory build-up ahead of the festive season.
Source: BSE
