Zomato Parent Eternal Reports Strong Q1 FY27 as Blinkit NOV Jumps 86% YoY
Blinkit continued to be Eternal's fastest-growing business, with NOV rising 86% YoY to ₹17,132 crore.
Eternal Ltd. (formerly Zomato) reported a strong start to FY27, with its B2C Net Order Value (NOV), the total value of customer orders across its consumer businesses, rising 54% year-on-year (YoY) to ₹31,120 crore, driven by robust growth across Blinkit, Zomato, District, and Hyperpure.
The company reported consolidated adjusted revenue of ₹20,648 crore, up 173% YoY and 17% quarter-on-quarter (QoQ), while adjusted EBITDA increased 223% YoY and 29% QoQ to ₹555 crore, reflecting improving operating leverage across its businesses. Revenue from operations stood at ₹20,211 crore, compared with ₹7,167 crore in the corresponding quarter last year.
Blinkit continued to be Eternal’s fastest-growing business, with NOV rising 86% YoY to ₹17,132 crore. The quick commerce platform also turned structurally adjusted EBITDA positive, reporting ₹102 crore in adjusted EBITDA, compared with a loss of ₹162 crore a year earlier. During the quarter, Blinkit added 200 net new dark stores, taking its total network to 2,443 stores, as it continued investing in assortment expansion, geographic reach, and demand density.
The Zomato food delivery business recorded NOV of ₹10,769 crore, registering over 20% YoY growth, marking its fifth consecutive quarter of improving growth momentum and underscoring sustained demand in the company’s core business.
Meanwhile, District, Eternal’s going-out platform spanning dining, entertainment, and ticketing, reported NOV of ₹3,218 crore, up 60% YoY and 18% QoQ, while Hyperpure, the company’s B2B restaurant supplies business, reported revenue of ₹1,034 crore, growing 27% YoY on a like-for-like basis and delivering positive adjusted EBITDA for the quarter.
Eternal posted a consolidated net profit of ₹92 crore, compared with ₹25 crore in the same quarter last year, while its cash balance increased to ₹18,288 crore, providing significant financial flexibility to support investments across quick commerce, food delivery, and emerging businesses.
Commenting on the results, founder and CEO Deepinder Goyal said the company’s objective is to compound both growth and margins simultaneously by making its platforms more useful, thereby increasing customer frequency, network density, and operational efficiency.
The results reinforce Eternal’s transformation into a diversified consumer technology company, with Blinkit now emerging as its primary growth engine while the food delivery business continues to expand steadily.