Eternal Achieves Impressive Financial Growth in Q3 FY26

Eternal, the foodtech and quick commerce platform previously known as Zomato, disclosed its financial outcomes for Q3 FY26 on Wednesday. The Gurugram-based firm experienced a remarkable 54% rise in profits for the quarter.

The revenue derived from operations soared threefold to Rs 16,315 crore in Q3 FY26, compared to Rs 5,405 crore in Q3 FY25, according to the company’s consolidated financial figures obtained from the National Stock Exchange (NSE). This notable increase in revenue is primarily attributed to its inventory-focused strategy in the quick commerce sector. On a quarterly basis, the firm’s revenue also saw a 20% uplift from Rs 13,590 crore in Q2 FY26.

Business Units and Revenue Breakdown

Eternal operates multiple business segments, which include a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. The income generated from Eternal’s food delivery operations (Zomato) made up 16% of the total revenue in Q3 FY26, reflecting a 29% growth to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Meanwhile, revenue from the quick commerce division (Blinkit) witnessed outstanding growth, surging 75% to reach Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. The B2B sector, Hyperpure, recorded a 7% increase in revenue, amounting to Rs 1,070 crore during the third quarter of FY26.

Total Revenue Insights

Revenue from the ‘Going-out’ segment, along with other non-operating income, escalated the overall revenue for the Eternal Group to Rs 16,663 crore in Q3 FY26. Over the nine-month duration, the company reported a cumulative revenue of Rs 38,126 crore.

Expenditure Analysis

The cost of materials comprised 59% of total expenditures, which skyrocketed by 6.5 times to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related expenses rose by 64%, reaching Rs 2,376 crore in Q3 FY26. Similarly, the employee benefit expenses increased by 33% to Rs 914 crore, while costs for advertising and marketing nearly doubled, totalling Rs 937 crore in Q3 FY26.

Overall, the company’s total expenditures surged almost threefold to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. Despite the expenditure growth, the company’s revenue expansion outperformed costs, leading to a 54% profit increase, rising to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. Per unit, the Gurugram-based company incurred Rs 1.01 to generate every rupee of revenue during the quarter ending December 2025.

Management Changes

Additionally, the company notified the stock exchanges that founder Deepinder Goyal will be stepping down from his position as Group CEO but will continue on the board as Vice Chairman.

By the close of today’s trading session, Eternal’s share price was reported at Rs 283, giving the foodtech platform a market capitalisation of Rs 3,32,985 crore (approximately $30 billion).