Eternal Limited, formerly known as Zomato, reported a 41.8% year-on-year revenue growth for Q4 FY26, with total revenue reaching Rs 6,840 crore as the company's quick commerce arm Blinkit continued its rapid expansion. Blinkit's gross order value grew 88% to Rs 9,200 crore, making it India's second-largest quick commerce platform behind Swiggy Instamart and accounting for 38% of Eternal's total GOV versus just 24% a year ago.
The core food delivery business maintained healthy growth of 22% in GOV terms while significantly improving profitability, with contribution margins expanding to 8.2% from 6.4%. The company's advertising and platform services business — including marketing services to restaurant partners and B2B supply chain services — grew 68% to Rs 840 crore, emerging as a high-margin growth engine that is increasingly attracting investor attention.
Net profit for Q4 FY26 was Rs 212 crore, down from Rs 304 crore in Q3 as the company increased investment in Blinkit's dark store expansion, adding 180 new dark stores in Q4 to take the total to 1,240 stores across 48 cities. Management guided for Blinkit's dark store network to exceed 2,000 by end of FY27 as it competes aggressively with Zepto and Swiggy Instamart in the Rs 20,000 crore and rapidly growing quick commerce market.
