Eternal Limited, the parent company of Zomato and Blinkit, delivered a sharp jump in both revenue and profitability in the third quarter of FY26, underlining the growing weight of quick commerce in its business mix.
The Gurugram-based company reported a consolidated net profit of ₹102 crore for the October to December quarter, up 73 percent from ₹59 crore a year earlier. Revenue from operations surged to ₹16,315 crore, more than three times the ₹5,405 crore recorded in the same quarter last year. On a sequential basis, revenue rose 20 percent from ₹13,590 crore in Q2 FY26.
A large part of this jump came from a structural shift in Blinkit’s business model. With the move to inventory ownership, Eternal now reports the full value of goods sold as revenue rather than just commissions. Adjusted for this change, revenue grew 64 percent year on year. Blinkit emerged as the single largest growth driver during the quarter.
Quick commerce revenue climbed to ₹12,256 crore from ₹1,399 crore a year ago, supported by scale expansion and accounting changes. Net order value in the segment rose 121 percent year on year, while like-for-like growth stood at about 130 percent. Blinkit added 211 net new stores during the quarter, taking its network to 2,027 outlets.
For the first time, Blinkit reported a positive adjusted EBITDA on a quarterly basis, posting a profit of ₹4 crore compared with a loss of ₹156 crore in the previous quarter.
Zomato’s core food delivery business continued to grow steadily, with revenue rising 29 percent year on year to ₹2,676 crore. The segment reported an adjusted EBITDA margin of 5.4 percent, the highest so far, with profits of ₹531 crore.
Hyperpure, the B2B supplies arm, recorded 33 percent revenue growth to ₹1,070 crore and turned EBITDA positive for the first time.
The company also announced a leadership transition alongside its results. Founder Deepinder Goyal will step down as Managing Director and CEO from February 1, 2026, and is set to take on the role of Vice Chairman, subject to shareholder approval. Blinkit CEO Albinder Singh Dhindsa will assume charge as the new CEO of Eternal.
