Eternal (Zomato/Blinkit) Posts Stellar Q1 Results: Net Profit Triples Year-on-Year to ₹92 Crore
Eternal, the parent company behind two of India's most recognized consumer tech platforms — food delivery giant Zomato and quick commerce powerhouse Blinkit — has reported a remarkable financial performance in Q1, with net profit surging nearly 3X year-on-year to ₹92 crore. The milestone marks a significant inflection point for the company, underscoring the growing profitability of India's fast-evolving food-tech and instant delivery ecosystem.
A Profitability Story in the Making
For years, Zomato — and the broader Indian food-tech sector — was synonymous with deep discounting, cash burns, and the relentless pursuit of scale over profitability. Eternal's Q1 results firmly signal that the tide has turned. A tripling of net profits year-on-year is not just a number — it reflects disciplined cost management, improved unit economics, and the maturation of both the food delivery and quick commerce verticals under a single corporate umbrella.
Blinkit: The Quick Commerce Engine Firing on All Cylinders
Much of Eternal's recent growth story has been powered by Blinkit, the 10-minute delivery platform that was acquired by Zomato in 2022. What was once a risky and controversial bet has transformed into a high-growth engine, rapidly expanding its dark store network across Indian cities and capturing a substantial share of the booming quick commerce market. Blinkit's aggressive expansion and increasing order volumes have been a key contributor to the company's improving bottom line.
Zomato Holds Its Ground
Meanwhile, the core Zomato food delivery business continues to demonstrate resilience, benefiting from India's expanding middle class, increasing smartphone penetration, and a cultural shift toward online food ordering. Improved take rates and operational efficiencies have allowed the platform to contribute more meaningfully to group-level profitability.
What This Means for India's Consumer Tech Landscape
Eternal's Q1 performance sends a powerful message to investors, competitors, and the broader startup ecosystem: sustainable, profitable growth in consumer internet businesses is achievable in India. As Eternal continues to scale both Zomato and Blinkit, all eyes will be on whether this profit momentum can be sustained — and potentially accelerated — in the quarters ahead. This milestone firmly cements Eternal's position as one of India's most consequential and closely watched public tech companies.
