Eternal adds 200+ stores as quick-commerce margins improve
Eternal, formerly Zomato, reported Q3 FY26 revenue of Rs16,315 crore and net profit of Rs102 crore while adding more than 200 net quick-commerce stores. Contribution margin rose about 90 basis points sequentially, as India’s retail market is projected to reach Rs210-215 trillion by 2035.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal reported strong Q3 FY26 growth, with quick commerce reaching breakeven and adding over 200 stores, while flagging competition, pricing pressure and continued capex needs.
Why this matters
The update extends Eternal's Q3 FY26 pattern: its quick-commerce unit reached breakeven after 200+ store additions, following resurfaced retail-tech growth coverage alongside Nykaa and Delhivery.
The retail-company theme is accelerating, up 223783% QoQ.