Eternal Q1 revenue jumps as Blinkit turns EBIT profitable, but profit misses estimates
Eternal, parent of Zomato and Blinkit, reported Q1 revenue of Rs 20,211 crore and net profit of Rs 92 crore. Quick-commerce revenue reached Rs 15,664 crore, while Blinkit posted EBIT of Rs 365 crore versus a Rs 42 crore loss a year earlier.
Eternal, parent of Zomato and Blinkit, reported Q1 profit of Rs 92 crore and revenue of Rs 20,211 crore. Quick-commerce revenue surged and Blinkit turned EBIT profitable, while food delivery grew 37% and Hyperpure revenue declined 55%.