Zomato Parent’s Profit Falls 90%

  Published 8 months ago

Eternal’s Q1FY26 profit drops 90% YoY to ₹25 crore due to Blinkit losses, despite 70% revenue growth to ₹7,167 crore.

  • Blinkit’s high investments led to a 1.2% negative EBITDA margin, adding 243 new stores and strong 127% NOV growth.
  • Food delivery margins declined to 4.5%, yet revenue rose 16% YoY, supported by steady consumer demand.
  • Stock surged 7% as investors bet on future profitability; cash reserves of ₹18,857 crore fuel growth plans.

You might like these

ACME Solar Secures 300 MW PPA in Rajasthan

ITI Launches AI Road Safety Pilot in UP

India Launches Advanced Biomethane Pilot Plant

JM Bullish on Cable & Wire Stocks

Hindustan Zinc Stock Plummets 6% Amid Vedanta Stake Sale

Mahindra SUV Sales Jump 20% in July

AVP Infracon Shares Rise on New Project

News that matters the most ⚡