Results · Commerce & Consumer Brands

Eternal posts record profits as Blinkit drives growth

By Startup Enthusiast · 22 July 2026

What they do

Eternal operates food delivery and quick commerce services in India

Q1 FY27 net profit rose 268% to Rs 92 crore on revenue of Rs 20,211 crore

Blinkit contributed 77.5% of total revenue, signaling strong demand for instant deliveries

Eternal reported a Rs 92 crore net profit for Q1 FY27, up 268% year-on-year.
Total revenue from operations reached Rs 20,211 crore, reflecting an 182% year-on-year increase.
Blinkit generated Rs 15,664 crore in revenue, accounting for 77.5% of the company's total income.
The quick commerce segment turned profitable with a result of Rs 365 crore, compared to a loss last year.
Food delivery revenue grew 37% to Rs 3,100 crore, while Hyperpure sales fell 55% to Rs 1,034 crore.
Market capitalization stood at approximately $29.4 billion following the results announcement.
Delivery charges increased by roughly 69% to Rs 3,150 crore, supporting operational costs.
Employee benefits rose 29% to Rs 1,068 crore as the company expanded its workforce.

Deepinder Goyal stated the company is willing to sacrifice margins for long-term growth.
New rivals like Swiggy Toing and Rapido Ownly are targeting price-conscious customers.
Rapido CEO Aravind Sanka argued that affordability expands the online food market.
Kotak Institutional Equities retained a 'Buy' rating ahead of the results release.

Eternal runs a large-scale food delivery service connecting restaurants with consumers.
The Blinkit unit uses an inventory-led model for rapid grocery and essentials delivery.
Full goods value is recorded as revenue under Blinkit's specific accounting approach.
Hyperpure supplies ingredients to restaurants, though revenue declined significantly this quarter.
District serves local areas with specialized logistics and supply chain solutions.
The company aims for net-zero emissions by 2033 through electric vehicle adoption.
100% EV deliveries are targeted by 2030 to support sustainability goals.
Advertising and sales promotion expenses rose 41% to Rs 945 crore this quarter.

The company plans to achieve 100% electric vehicle deliveries by 2030.
Eternal aims to reach net-zero emissions across its operations by 2033.
Management intends to balance margin pressure with sustainable long-term growth strategies.

Kotak Institutional Equities (analyst) — Retained a 'Buy' rating for Eternal stock ahead of quarterly results.