Eternal, the company that used to be called Zomato, is making headlines as it shares its latest financial results. For the March 2025 quarter, the company saw its net profit fall by a staggering 78% compared to last year, ending up at Rs 39 crore. This drop happened even though its revenue from operations jumped by 64%, reaching Rs 5,833 crore.
So, why did profits drop? The company’s total expenses shot up by 68%, going to Rs 6,104 crore. Eternal explained that it spent more money on growing its fast delivery service, Blinkit, and improving its overall infrastructure.
In terms of its main business (food delivery), Eternal did pretty well. It had a Gross Order Value (GOV) of Rs 8,439 crore, which is up 6% from earlier. The earnings from this segment showed a positive sign because of better order values and improved delivery processes.
Blinkit Takes Off!
The Blinkit part of the business had a fantastic quarter, with revenue soaring by 122% to Rs 1,709 crore, compared to Rs 769 crore last year. The number of orders went up as well, growing 53% compared to last year. To support this growth, Eternal opened 75 new Blinkit stores this quarter, bringing the total to 526 stores in 26 cities. However, this fast expansion resulted in greater losses for Blinkit, which reported an adjusted loss of Rs 178 crore.
The CEO of Blinkit, Albinder Dhindsa, mentioned that they chose to open more stores quickly to stay ahead of competition, and they see growth as more important than profits for now.
Hyperpure Doing Well Too!
Eternal’s supply chain business called Hyperpure also made progress. It brought in Rs 929 crore, increasing by 52% from last year. Although it still faced some losses, the loss decreased to Rs 25 crore.
For the entire year, Eternal reported a total profit of Rs 351 crore, with their adjusted revenue rising by 67% to Rs 20,059 crore.
What’s the Future for Eternal?
Experts are optimistic about the stock of Eternal. They believe that it has a target price of Rs 277, which could mean a 19% increase from where it is now. 29 analysts are giving it a “Buy” recommendatio
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