Eternal reported a net profit of ₹92 crore in Q1 FY27, marking a 3.7 times increase year-on-year, according to inc42.com. The company’s operating revenue surged 182% to ₹20,211 crore during the quarter, while total expenses rose 173% to ₹20,314 crore. Blinkit, Eternal’s quick commerce arm, accounted for over 77% of total operating revenues, supported by 200 new dark store additions, taking the total to 2,443.
Blinkit’s growth was driven by rising user retention in major metro areas and an increase in net order value, which helped the vertical post an adjusted EBITDA of ₹102 crore, reflecting improving unit economics and scale. Eternal’s CEO Albinder Dhindsa noted that the worst of discounting wars in the quick commerce space is over. The company plans to focus on dark store density, supply chain efficiency, and gourmet offerings to strengthen its market position.
Zomato, another vertical under Eternal, remained a significant profit contributor with ₹3,100 crore in operating revenue and ₹606 crore in adjusted EBITDA in Q1. The foodtech giant’s improved margins were supported by higher order frequencies, network density, and operating efficiencies, enabling it to generate healthy cash flow despite competition adopting low-commission strategies. Eternal’s continued profitability contrasts with ongoing investment in AI and going-out verticals, which remain in investment mode.
Blinkit’s expansion to 2,443 dark stores and its adjusted EBITDA of ₹102 crore in Q1 underscore Eternal’s focus on scaling quick commerce. The company’s next financial update is expected with the Q2 FY27 earnings release, which will provide further insights into its growth trajectory and profitability.