Food delivery company Eternal (formerly Zomato) saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore.
Profitability was hit by higher expenses, which jumped as much as 68% YoY to Rs 6,104 crore.
The drop in profit was also attributed to higher investments in expanding the company’s quick commerce vertical, Blinkit, as well as increased infrastructure costs across segments.
Adjusted EBITDA during the fourth quarter declined 15% YoY to Rs 165 crore.
Food delivery business
Eternal’s core food delivery business remained stable, with GOV (Gross Order Value) of Rs 8,439 crore, up 6% sequentially. Adjusted EBITDA margin for the segment stood at 5.7%. The company attributed the margin gains to improved average order values and better logistics efficiency.
Blinkit
Quick commerce arm Blinkit saw a strong jump in business during Q4. Revenue rose 122% YoY to Rs 1,709 crore from Rs 769 crore a year earlier. The Net Order Value (NOV) increased 53% YoY and 19% quarter-on-quarter.
Eternal has also introduced a new consolidated metric called Adjusted Net Order Value, which it says offers a better lens to evaluate business growth across platforms.
The company added 75 new Blinkit stores during the quarter, taking the total to 526 stores across 26 cities. However, the aggressive expansion led to wider losses. Adjusted EBITDA loss for Blinkit increased to Rs 178 crore in Q4FY25.
Blinkit CEO Albinder Dhindsa said the company had pulled forward many store launches originally planned for FY26, saying, “This was a conscious call to pre-empt competition and strengthen our footprint."
The company said profitability is not the immediate priority for Blinkit. "Our priority is to build a strong, reliable network. Profitability will follow scale," the management said in its letter to shareholders.
Hyperpure
Hyperpure, Eternal’s B2B grocery and supply chain business for restaurants, clocked a revenue of Rs 929 crore, up 52% YoY. Adjusted EBITDA loss narrowed to Rs 25 crore from Rs 33 crore in the previous quarter.
The company said it continues to see Hyperpure as a long-term play and expects further improvement in margins as scale increases.
For FY25, Eternal reported a full-year consolidated profit of Rs 351 crore. Adjusted revenue for the year stood at Rs 20,059 crore, up 67% YoY.
Profitability was hit by higher expenses, which jumped as much as 68% YoY to Rs 6,104 crore.
The drop in profit was also attributed to higher investments in expanding the company’s quick commerce vertical, Blinkit, as well as increased infrastructure costs across segments.
Adjusted EBITDA during the fourth quarter declined 15% YoY to Rs 165 crore.
Food delivery business
Eternal’s core food delivery business remained stable, with GOV (Gross Order Value) of Rs 8,439 crore, up 6% sequentially. Adjusted EBITDA margin for the segment stood at 5.7%. The company attributed the margin gains to improved average order values and better logistics efficiency.
Blinkit
Quick commerce arm Blinkit saw a strong jump in business during Q4. Revenue rose 122% YoY to Rs 1,709 crore from Rs 769 crore a year earlier. The Net Order Value (NOV) increased 53% YoY and 19% quarter-on-quarter.
Eternal has also introduced a new consolidated metric called Adjusted Net Order Value, which it says offers a better lens to evaluate business growth across platforms.
The company added 75 new Blinkit stores during the quarter, taking the total to 526 stores across 26 cities. However, the aggressive expansion led to wider losses. Adjusted EBITDA loss for Blinkit increased to Rs 178 crore in Q4FY25.
Blinkit CEO Albinder Dhindsa said the company had pulled forward many store launches originally planned for FY26, saying, “This was a conscious call to pre-empt competition and strengthen our footprint."
The company said profitability is not the immediate priority for Blinkit. "Our priority is to build a strong, reliable network. Profitability will follow scale," the management said in its letter to shareholders.
Hyperpure
Hyperpure, Eternal’s B2B grocery and supply chain business for restaurants, clocked a revenue of Rs 929 crore, up 52% YoY. Adjusted EBITDA loss narrowed to Rs 25 crore from Rs 33 crore in the previous quarter.
The company said it continues to see Hyperpure as a long-term play and expects further improvement in margins as scale increases.
For FY25, Eternal reported a full-year consolidated profit of Rs 351 crore. Adjusted revenue for the year stood at Rs 20,059 crore, up 67% YoY.
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