Blinkit turns EBITDA-positive as Eternal dismisses budget-delivery rivals
Eternal reported Q1 FY27 revenue growth of 182% year on year as Blinkit posted ₹102 crore in adjusted EBITDA profit, added 200 net stores and reached 2,443 outlets. Founder Deepinder Goyal said low-cost delivery plays from Rapido and Swiggy are economically unsustainable, while Bistro targets ₹50–150 meals.
Eternal reported strong Q1 FY27 growth, with Blinkit turning EBITDA-positive and expanding to 2,443 stores. Founder Deepinder Goyal dismissed Rapido and Swiggy budget-delivery competition as economically unsustainable, while prioritising Bistro’s supply-chain-led low-price food-delivery model.
Why this matters
The result follows Eternal's Q1 FY27 profit rising to ₹92 crore while shares fell 2.5%, and a separate report of profit falling 47% QoQ as Blinkit added 200 stores. It also follows the Nugget-by-Zomato transfer to Carthero.
Retail-company signals are accelerating, up 1,005,300% QoQ.