Eternal Q2: Revenue Up 183% YoY, Profit Drops 63% YoY To INR 65 Cr

The combined profit for Q2 FY26 of Zomato and Blinkit parent company Eternal fell 63% to INR 65 Cr from INR 176 Cr in the same quarter last year. On a sequential basis, the company’s profit jumped 160% from INR 25 Cr PAT reported in the previous quarter.For the second quarter (July-September) of FY26, food delivery business Eternal, formerly known as Zomato, reported a dramatic 63% year-over-year fall in its consolidated net profit, which came in at Rs 65 crore as opposed to Rs 176 crore in the same quarter the previous year.

The company's net profit, however, improved sequentially from Rs 25 crore during the April–June quarter.Eternal's operating revenue increased by an astounding 183% year over year to Rs 13,590 crore in Q2FY26 from Rs 4,799 crore in the same period of the previous fiscal year, despite the decline in profitability. However, the topline decreased by about 90% sequentially from the Rs 7,167 crore recorded in Q1FY26.The business blamed strategic expenditures meant to propel long-term growth, especially in its rapid commerce division, Blinkit, for the sequential impact on margins and topline. Although absolute losses decreased, Eternal pointed out that the rate of margin improvement was slower than anticipated, mostly as a result of aggressive spending in crucial areas including infrastructure, store expansion, and marketing.