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Eternal Q2FY27 Net Profit Jumps 92% to ₹125 Crore, Revenue Rises 78%
Sentiment: PositiveHigh Priority
What Happened?
Eternal, the parent company of Zomato and Blinkit, reported a 92% increase in net profit for Q2FY27, reaching ₹125 crore. Revenue also rose by 78% to ₹24,138 crore.
Key points
- Net profit rose 92% YoY to ₹125 crore from ₹65 crore.
- Revenue increased 77.6% YoY to ₹24,138 crore, up from ₹13,590 crore.
- Ebitda grew 197% YoY to ₹666 crore.
- Net order value for food delivery increased 21.5% YoY to ₹11,445 crore.
- Blinkit's net order value rose 79.3% to ₹20,940 crore.
Key insights
- The increase in net profit and revenue suggests a recovery in consumer demand post-pandemic.
- Eternal's expansion plans could lead to increased market share in the food delivery sector.
- The growth in Blinkit's revenue highlights the rising popularity of quick commerce.
Why it matters
Eternal's strong financial performance indicates robust growth in the food delivery and quick commerce sectors.
Tags
Entities
Eternal· CompanyZomato· CompanyBlinkit· CompanyDeepinder Goyal· PersonAlbinder Dhindsa· PersonAkshant Goyal· Person
Source
Business Standard
