Eternal’s Q1 FY26 Profit Plunges 90% Even as Revenue Soars 70%

Eternal’s consolidated net profit witnessed a sharp 90% year-on-year drop from INR 253 Cr in Q1 FY25 to just INR 25 Cr in Q1 FY26.

Although the food-tech major’s revenue surged from INR 4,206 cr to INR 7,167 cr YoY, a steep 70% jump.

Also, its quick commerce arm Blinkit’s revenue more than doubled to INR 2,400 Cr, up ~154% YoY.

It’s adjusted EBITDA fell by 42% YoY to INR 172 Cr largely due to heavy investments in quick commerce and “going-out” operations, partly offset by improved margins in food delivery.

Besides, announcing its Q1 FY 26 results, Eternal also announced that its quick commerce arm Blinkit is shifting to an inventory-led model, aiming to improve margins.

On the other hand, the B2B arm, Hyperpure’s revenue grew 89% YoY, though management expects a short-term dip ahead.

Eternal focused heavily on scaling quick commerce and transitioning to owning inventory, which pressured profits despite soaring revenue. Food delivery margins improved, but the ramp-up in Blinkit investments and inventory build-up weighed on whole-company profitability. The goal is long-term margin gains once the model matures.