ETERNAL LIMITED Q4FY26: Consolidated Adjusted Revenue ₹17,680 Cr, Up 186% YoY
ETERNAL LIMITED reported Q4FY26 consolidated Adjusted Revenue of ₹17,680 Cr, up 186% YoY. Consolidated Adjusted EBITDA grew 160% YoY to ₹429 Cr. Food delivery NOV grew 18.8% YoY, while Blinkit's NOV surged 95.4% YoY. The company's cash balance stood at ₹17,972 Cr. Founder Deepinder discussed the company's long-term strategy and AI integration.
The results indicate substantial financial growth and strategic progress across major business verticals, which are key performance indicators for investors and stakeholders. The detailed operational updates and future outlook provide significant insights into the company's trajectory.
The company reported strong year-on-year growth in revenue and EBITDA, with significant improvements across its key business segments like food delivery and quick commerce. The founder's letter also conveys a positive outlook on future growth and strategic positioning.
ETERNAL LIMITED (formerly Zomato Limited) has announced its financial results for the fourth quarter and full year ending March 31, 2026. The company reported a consolidated Adjusted Revenue of ₹17,680 crore for Q4FY26, marking a significant 186% year-on-year growth (6% quarter-on-quarter). On a like-for-like basis, which accounts for the shift to an inventory ownership model in quick commerce, the consolidated Adjusted Revenue grew by 64% year-on-year.
The company's consolidated Adjusted EBITDA increased by 160% year-on-year to ₹429 crore in Q4FY26, showing an 18% increase from the previous quarter. The Net Order Value (NOV) for the B2C business grew by 54% year-on-year to ₹26,880 crore.
Key business segments showed robust performance: Food delivery (Zomato) saw NOV growth of 18.8% YoY, with Adjusted EBITDA margin improving to 5.5% and an absolute Adjusted EBITDA of ₹532 crore. Quick commerce (Blinkit) reported strong NOV growth of 95.4% YoY, adding 216 new stores to reach a total of 2,243. Blinkit's Adjusted EBITDA improved to ₹37 crore. The Going-out segment (District) experienced accelerated NOV growth of 46.5% YoY, with Adjusted EBITDA losses reducing to ₹81 crore. Hyperpure's restaurant supply business also saw improved revenue growth of 37% YoY, with Adjusted EBITDA turning profitable at ₹5 crore.
In a letter from the founder, Deepinder highlighted the company's journey and its evolution into a platform touching how India eats, shops, and goes out. He emphasized the company's focus on building a defensible moat in the physical world, leveraging AI to expand its market reach and improve operational efficiency. The founder also discussed the company's long-term vision and its commitment to creating sustainable value, noting that the company's name, Eternal, is a commitment to building something that deserves to last.
The company's cash balance increased to ₹17,972 crore as of the end of Q4FY26. ESG initiatives include progress in the 'Greening India' agroforestry initiative, significant EV adoption among delivery partners (over 100,000), and continued efforts in plastic waste recycling and delivery partner welfare.
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