Eternal revenue soars, profit falls

Eternal Ltd kicked off the second half of the fiscal year riding on the strength of its quick commerce arm Blinkit, which posted its highest growth in 10 quarters even as losses stayed flat.

- Vaeeshnavi Kasthuril & Dhanya

The Gurugram-based food delivery and quick commerce company reported revenue of ₹13,590 crore for the July-September quarter, 2.72 times higher than a year earlier. The number beat analyst expectations—a Bloomberg poll had pegged Eternal’s revenue at ₹8,852 crore.

The company’s net profit fell 63% year-on-year to ₹65 crore, as higher delivery, marketing and fulfilment costs, along with expenses from store expansion and inventory purchases, weighed on its bottom line.