Eternal’s Q3 FY26 results resurface: revenue had jumped 202% as quick commerce reached breakeven
Eternal, formerly Zomato, had reported Q3 FY26 revenue of Rs 16,315 crore and net profit of Rs 102 crore, with quick-commerce margins improving and more than 200 net stores added. The since-reported results are resurfacing in a broader analysis of India’s fast-growing retail-tech market.
India’s retail market may more than double to Rs 210-215 trillion by 2035. The analysis highlights Eternal, Nykaa, Delhivery and IndiaMART; Eternal’s Q3 FY26 growth was driven by quick commerce and food delivery, with quick commerce reaching breakeven.
Why this matters
The resurfaced results extend Eternal's recent Q3 pattern, including signals on gains with Nykaa as India’s retail market targets Rs 215 trillion by 2035 and on retail-tech scaling alongside Nykaa and Delhivery.
The retail-company theme is accelerating, up 308050% QoQ.