ETERNAL LIMITED Q2FY27 Results: Revenue Up 76% YoY to ₹24,621 Crore, EBITDA ₹666 Crore
ETERNAL LIMITED reported Q2FY27 results with Adjusted Revenue up 76% YoY to ₹24,621 crore and Adjusted EBITDA at ₹666 crore, up 197% YoY. Food delivery NOV grew 21.5% to ₹11,445 crore, while Blinkit's NOV surged 79.3% to ₹20,940 crore. The company plans to expand its store count to over 3,500 by March 2027.
The substantial year-on-year growth in revenue and profitability, along with positive outlook and expansion plans, indicates a significant positive impact on the company's financial standing and market position.
The company reported strong YoY growth in revenue and EBITDA, with significant improvements across its key business segments, particularly in quick commerce (Blinkit).
ETERNAL LIMITED (formerly Zomato Limited) has announced its financial results for the second quarter of FY27, ending September 30, 2026. The company reported a consolidated Adjusted Revenue of ₹24,621 crore, marking a significant 76% year-on-year (YoY) growth and a 19% quarter-on-quarter (QoQ) increase. Like-for-like (LFL) growth stood at 58% YoY, reflecting a business model shift to inventory ownership in quick commerce.
Consolidated Adjusted EBITDA saw a substantial rise of 197% YoY and 20% QoQ, reaching ₹666 crore.
Key business segment performance highlights include:
* **Food Delivery (Zomato):** Net Order Value (NOV) grew 21.5% YoY to ₹11,445 crore, with the fifth consecutive quarter of accelerating growth. Adjusted EBITDA margin was 5.5% of NOV, yielding a profit of ₹627 crore (25% YoY growth).
* **Quick Commerce (Blinkit):** NOV surged 79.3% YoY to ₹20,940 crore, with 22.2% QoQ growth. The company added 308 net new stores, bringing the total to 2,751. Adjusted EBITDA margin improved for the sixth consecutive quarter to 0.9% of NOV, resulting in a profit of ₹184 crore (compared to a loss of ₹156 crore last year).
* **Going Out (District):** NOV grew 58.0% YoY to ₹3,259 crore. Adjusted EBITDA margin improved to -2.0% of NOV, with Adjusted EBITDA loss remaining flat QoQ at ₹64 crore.
* **Hyperpure:** Revenue grew 22.7% (LFL) to ₹1,154 crore. Adjusted EBITDA margin improved to 0.9%, resulting in a profit of ₹10 crore (from a loss of ₹5 crore last year).
* **Others (Bistro, Nugget):** Adjusted Revenue grew to ₹132 crore. Adjusted EBITDA losses improved to ₹91 crore.
The company also discussed its strategy regarding AI agents, emphasizing that its core businesses like food delivery and quick commerce are protected due to embedded infrastructure and real-time coordination capabilities. They believe that vertical commerce, particularly in discovery-driven categories like food ordering, will maintain an edge over super apps and agentic commerce. The company expects continued growth, with plans to cross 3,500 stores by March 2027 and around 5,000 by March 2028. The cash balance at the end of Q2FY27 stood at ₹16,475 crore.
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