Eternal Financial Results Q2 FY26

Foodtech and quick commerce platform Eternal, previously known as Zomato, announced its financial performance for the second quarter of FY26 on Thursday. The Gurugram-based company recorded a 63% drop in profit for the quarter ending September 2025, whilst its revenue experienced a near tripling.

Excluding additional income of Rs 352 crore and interest expenses of Rs 86 crore, Eternal revealed a negative EBIT of Rs 137 crore for the last quarter. The company’s operational revenue escalated by 2.8 times to Rs 13,590 crore in Q2 FY26, compared to Rs 4,799 crore in Q2 FY25, according to consolidated financial results obtained from the National Stock Exchange (NSE).

Eternal’s Diversified Business Units

Eternal manages several business segments, including a food marketplace, Hyperpure, and a quick commerce platform known as BlinkIt. The revenue from Eternal’s food delivery service (Zomato) accounted for 18% of the overall revenue in Q2 FY26, increasing by 23% to Rs 2,485 crore from Rs 2,012 crore in Q2 FY25.

The quick commerce division (BlinkIt) witnessed remarkable expansion, surging 8.5 times to Rs 9,891 crore in Q2 FY26 from Rs 1,156 crore in Q2 FY25. In contrast, Hyperpure experienced a decline of 30.5%, amounting to Rs 1,023 crore during the second quarter of FY26.

Total Revenue and Half-Year Performance

Revenue from the ‘Going-out’ segment and other non-operating income raised the total revenue for the Eternal Group to Rs 13,942 crore in Q2 FY26. Over a six-month period, the company’s revenue rose 2.3 times to Rs 20,757 crore in H1 FY26 compared to Rs 9,005 crore in H1 FY25.

Expenditure Analysis

The cost of materials constituted 56% of total expenses, which increased by 5.8 times to Rs 7,742 crore in Q2 FY26 from Rs 1,334 crore in Q2 FY25. Delivery and associated charges surged by 58%, reaching Rs 2,213 crore in Q2 FY26. Employee benefit expenses climbed 46% to Rs 865 crore, while advertising and marketing expenses nearly doubled to Rs 806 crore in Q2 FY26.

In total, the company’s expenses rose 2.8 times to Rs 13,813 crore in Q2 FY26, up from Rs 4,783 crore in Q2 FY25. The substantial increase in material costs contributed to a profit reduction of 63%, dropping to Rs 65 crore in Q2 FY26 from Rs 176 crore in Q2 FY25. Per unit, the company spent Rs 1.02 to generate every rupee of revenue for the quarter ending September 2025.

Market Performance

Eternal’s stock price (as of 15:14 PM) is trading at Rs 342.85, attributing a market capitalisation of Rs 3,32,985 crore (approximately $37.92 billion) to the foodtech platform.