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Eternal's Q2: Food delivery growth steady, weak Blinkit
Mint Chennai
|October 18, 2025
commission model for restaurants and a flat-fee pricing structure for customers to offer lower overall costs.
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Blinkit is expected to reach ₹50,000 cr revenue by FY28.
(ISTOCKPHOTO)
True, these are still early days before Rapido spreads its reach, but Zomato’s ability to negotiate hard with restaurants and charge more fees from customers has been remarkable, This is reflected in its commission rate, which has risen over the last two years from 28.4% in Q2FY24 to 30.4% in QQ2FY26, despite frequent friction with the National Restaurant Association of India (NRAD that led to a Competition Commission of India (CCD probe.
As Zomato’s food-delivery business is likely to generate Ebitda of 2,000 crore in FY26 based on annualizing HIFY26 numbers, it is giving the cushion to absorb more losses in the quick-commerce arm Blinkit.
Ebitda is short for earnings before interest, taxes, depreciation, and amortization.
This story is from the October 18, 2025 edition of Mint Chennai.
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