Eternal Limited, the company behind Zomato, Blinkit, District, and Hyperpure, announced its financial results for the quarter ending March 31, 2026. The company reported higher revenue, higher profit, and stronger performance across most of its businesses compared to the same period last year. Here is everything broken down simply, one section at a time.
Revenue – How Much Money Eternal Made
Revenue is the total money a company earns from selling its products and services. In Q4 FY26, Eternal’s revenue from operations reached ₹17,292 crore. That is nearly three times the ₹5,833 crore it made in the same quarter last year.
It is important to understand why this looks like such a massive jump. Blinkit, the quick delivery app, changed how it accounts for sales. It now owns and sells goods directly to customers, so the full sale price counts as revenue. Earlier, only a small commission was counted. This accounting change is the main reason revenue looks so much higher. On a like-for-like basis, the actual underlying growth was around 64% year on year.
Net Profit – What the Company Actually Kept
Net profit is what remains after a company pays all its costs, taxes, and expenses. This is the clearest way to understand if a company is truly making money.
Eternal made a net profit of ₹174 crore in Q4 FY26. That is 4.5 times more than the ₹39 crore profit it made in Q4 FY25. For the full financial year FY26, the company made a net profit of ₹366 crore.
EBITDA – How Profitable the Core Business Is
EBITDA stands for earnings before interest, taxes, depreciation, and amortisation. Think of it as a measure of how well the company’s actual day-to-day operations are performing, before all the extra financial calculations. A higher EBITDA means the business is running more efficiently.
Eternal’s Adjusted EBITDA for Q4 FY26 was ₹429 crore. That is 160% more than the ₹165 crore it posted in Q4 FY25. This shows the company’s operations are becoming significantly more efficient and profitable.
Zomato Food Delivery
Zomato’s food ordering and delivery service continued to grow steadily. The total value of food orders placed on the platform reached ₹9,757 crore in Q4 FY26, up 19% compared to the same quarter last year. Revenue from the food delivery business grew 30% to ₹3,125 crore.
More importantly, food delivery made a profit of ₹532 crore (EBITDA), which is a margin of 5.5%. This is the healthiest and most consistently profitable part of the entire company. The growth has been accelerating for three quarters in a row, helped by lower minimum order values and more affordable meal options for budget-conscious customers.
Blinkit Quick Commerce
Blinkit, the 10-minute delivery app for groceries and everyday essentials, was the fastest growing business this quarter. The total value of orders placed on Blinkit reached ₹14,386 crore, almost double the ₹7,362 crore in Q4 FY25. Revenue came in at ₹13,232 crore, which accounts for about 76% of Eternal’s total revenue this quarter.
Blinkit also turned operationally profitable this quarter, posting an EBITDA of ₹37 crore. This is a major milestone, the business was losing ₹178 crore at the same time last year. The company opened 216 new Blinkit stores during the quarter, taking the total count to 2,243 stores across India.
District
District is Eternal’s app for going out, it lets users book restaurant tables, buy movie tickets, book sports arenas, and purchase event tickets all in one place. The total value of transactions on District grew 47% year on year to ₹2,736 crore. Revenue came in at ₹277 crore, up 21% from last year.
District is still making a loss. Its EBITDA loss for the quarter was ₹81 crore. However, this is improving, it was losing ₹121 crore just last quarter. The company expects District to become profitable by FY30 with a target of ₹3 billion in annual order value.
Hyperpure (B2B Restaurant Supplies)
Hyperpure is Eternal’s business-to-business supply chain service. It delivers fresh ingredients and food supplies directly to restaurants across India. This is not a consumer-facing product, it serves restaurant owners, not end customers.
Hyperpure’s revenue came in at ₹978 crore this quarter, which looks like a sharp 47% decline year on year. However, this is because the company separated its non-restaurant supply business from Hyperpure’s books. When measured on a like-for-like basis, restaurant supply revenue actually grew 37%. Hyperpure posted a small EBITDA profit of ₹5 crore this quarter, compared to just ₹1 crore last quarter.
The Bottom Line
Eternal is in a strong financial position. Three out of four of its businesses are now profitable on an operating basis. The company has nearly ₹18,000 crore sitting in cash. Profit for the full year reached ₹366 crore, compared to ₹527 crore last year, the dip is due to higher investment in expansion and the accounting change in Blinkit.
Founder Deepinder Goyal noted in his shareholder letter that it took Eternal 18 years to reach $10 billion in annual customer orders, but the company expects to double that to $20 billion in under two more years. The momentum is clearly building.
Source: Eternal Limited (formerly Zomato Limited) official Q4 FY26 Shareholders’ Letter and Financial Results
