Home / Business and Economy / Eternal's Q2 Profits Plunge 63% Despite Soaring Revenues
Eternal's Q2 Profits Plunge 63% Despite Soaring Revenues
16 Oct
Summary
- Eternal's Q2 net profit drops 63% to Rs 65 crore
- Revenue surges 183% year-on-year to Rs 13,590 crore
- Blinkit reduces losses, adjusted EBITDA margin improves
On October 16, 2025, food delivery company Eternal reported its financial results for the September quarter. The company witnessed a significant 63% year-on-year decline in its consolidated net profit, which stood at Rs 65 crore, compared to Rs 176 crore in the same period last year.
However, Eternal's revenue from operations during the quarter surged by an impressive 183% to Rs 13,590 crore, up from Rs 4,799 crore in the corresponding quarter of the previous financial year. The company's strong topline growth, up 90% sequentially, pleased investors, pushing its stock to a new 52-week high.
Despite the profit decline, Eternal's quick commerce (QC) business reported a robust 137% year-on-year growth in net order value (NOV), marking its highest in the past 10 quarters. The company also continued its network expansion, adding 272 net new stores, and recorded healthy new customer growth with a net addition of 39 lakh average monthly transacting customers.
Blinkit, Eternal's quick commerce arm, also reduced its quarter-on-quarter losses to Rs 156 crore, versus Rs 162 crore in the previous quarter, with its adjusted EBITDA margin improving from -1.8% to -1.3% of NOV. However, the company's core food delivery segment continued to face profitability challenges, with the adjusted EBITDA margin as a percentage of NOV declining to 3.1%.
