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Foodtech and quick commerce platform Eternal (formerly Zomato) reported its Q2 FY27 results on Wednesday, with profit up nearly 93% year-on-year to Rs 125 crore. The Gurugram-based company also saw Blinkit’s revenue almost double during the quarter Eternal’s revenue from operations surged over 77% year-on-year to Rs 24,138 crore in Q2 FY27 in contrast to Rs 13,590 crore in Q2 FY26, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Blinkit, Eternal’s largest revenue contributor, reported a 93% year-on-year rise in revenue to Rs 19,152 crore in Q2 FY27. Zomato’s food delivery business grew 37% to Rs 3,396 crore and accounted for 14% of the company’s total revenue during the quarter. Meanwhile, Hyperpure, Eternal’s B2B supplies business, reported a 13% year-on-year rise in revenue to Rs 1,154 crore, while its going-out platform District grew 61% to Rs 304 crore in Q2 FY27. Including other segments and non-operating income, Eternal’s total income rose to Rs 24,489 crore during the quarter. On a quarter-on-quarter basis, operating revenue increased over 19% from Rs 20,211 crore in Q2 FY27. For the half year ended September 2026, Eternal’s revenue stood at Rs 44,349 crore with a Rs 217 crore net profit. Material costs remained Eternal’s largest expense head at Rs 14,602 crore in Q2 FY27, accounting for over 60% of its total expenditure. Delivery and related costs rose 62% year-on-year to Rs 3,581 crore, while employee benefit expenses grew 32.5% to Rs 1,146 crore. Advertising expenses also climbed 41% to Rs 1,138 crore during the quarter. Overall, the company’s total expenditure increased to Rs 24,166 crore in Q2 FY27. At the segment level, Eternal’s food delivery business posted a positive EBITDA of Rs 647 crore in Q2 FY27. Blinkit’s EBITDA surged nearly 98 times to Rs 488 crore, while District reported an EBITDA loss of Rs 55 crore during the quarter. Eternal’s net profit rose 92% year-on-year to Rs 125 crore in Q2 FY27, aided by revenue growth and Rs 351 crore in other non-operating income. At the end of Wednesday’s trading session, Eternal’s shares closed 4% lower at Rs 307 apiece, giving the foodtech and quick commerce platform a market capitalisation of Rs 3,01,429 crore (around $31.7 billion).
document fetched 2026-10-24 11:25