Eternal's Q4 Results 2026: Net Profit Surges 346% to ₹174 Crore
Eternal Q4 Results 2026: Consolidated Net Profit Soars 346%
Eternal, the parent company of Zomato, announced its results for the quarter ended March 2026 (Q4FY26) today, Tuesday, 28 April, during market hours. The company's consolidated net profit for the quarter under review soared 346% to ₹174 crore as against ₹39 crore in the same period last year. This significant increase is also reflected in the sequential growth, where the net profit rose 70.58% from ₹102 crore in the December quarter.
The revenue from operations also surged 196.5% to ₹17,292 crore versus ₹5,833 crore in the year-ago quarter. On a sequential basis, it surged 5.98% from ₹16,315 crore in Q3FY26.
Eternal FY26 Results: Key Highlights
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The company's FY26 results showed a significant growth in revenue from operations, more than doubling year-over-year (YoY) to ₹54,364 crore in FY26, compared to ₹20,243 crore in FY25. This growth was driven by strong performance across food delivery, quick commerce, and adjacent businesses.
| Metric | FY25 | FY26 | YoY Growth |
|---|---|---|---|
| Revenue from Operations (₹ crore) | 20,243 | 54,364 | 169.1% |
| Food Delivery Net Order Value (NOV) | - | - | 18.8% |
| Food Delivery Gross Order Value (GOV) | - | - | 22.5% |
| Adjusted EBITDA Margin (as % of NOV) | - | - | 5.5% |
Segment-wise Performance
- Food Delivery: Net order value (NOV) grew 18.8% YoY (-0.9% QoQ), marking the third consecutive quarter of improvement and nearing the long-term 20%+ YoY target. Gross order value (GOV) rose 22.5% YoY. Adjusted EBITDA margin (as % of NOV) improved to 5.5%, with absolute Adjusted EBITDA at ₹532 crore, up 24% YoY.
- Blinkit: Quick commerce NOV surged 95.4% YoY (8.2% QoQ). The company added 216 net new stores during the quarter, taking total store count to 2,243. Adjusted EBITDA improved to ₹37 crore (0.3% of NOV) from ₹4 crore in the previous quarter.
- Going-out Business: District (going-out segment) recorded NOV growth of 46.5% YoY (5.8% QoQ). Adjusted EBITDA loss reduced to ₹81 crore from ₹121 crore in Q3FY26, with margin improving to -3.0% from -4.7%.
- Hyperpure: Restaurant supply business revenue growth rose to 37% YoY versus 33% in the previous quarter. Adjusted EBITDA margin improved to 0.5%, translating to a profit of ₹5 crore, compared to ₹1 crore earlier.
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Management Commentary
Eternal's management expressed confidence in the company's growth prospects, with Deepinder Goyal stating that the company has achieved a significant milestone of $10 billion in transactions through Blinkit, District, and Zomato in FY26. Albinder Dhindsa added that Blinkit's net order value (NOV) grew at a CAGR of 104% between FY23 and FY26, and expects the growth rate to moderate naturally. He also highlighted the substantial headroom for growth in quick commerce on geography, assortment, and frequency.
Stock Reaction Post Earnings
Shares of Eternal settled 1.09% higher at ₹258.28 apiece on the NSE after the results announcement.
Investor Takeaway
Investors should take note of Eternal's strong Q4 results, with a 346% surge in net profit and a 196.5% increase in revenue from operations.
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