The operator of Zomato and Blinkit reported revenue from operations of Rs 7,167 crore, up 70% from Rs 4,206 crore a year ago.
The earnings were announced during market hours, and shares of Eternal surged over 7% following the announcement, hitting the day’s high of Rs 274 on NSE.
The sharp decline in profit was on account of the continuing investments in quick commerce segment and going-out.
“On the profitability front, consolidated Adjusted EBITDA declined 42% YoY to Rs 172 crore in Q1FY26, largely on account of the continuing investments in quick commerce and going-out, which were partly offset by the improvement in food delivery Adjusted EBITDA margin (as a % of NOV) to 5.0% from 3.9% a year ago,” the company said in its exchange filing.
The company also reported a 15% YoY jump in its Q1FY26 expenses to Rs 2,137 crore, primarily under heads such as ‘Delivery and related charges’ and ‘Advertisement and sales promotion’.
Expenses stood at Rs 1,936 crore in Q4FY25 and Rs 1,854 crore in Q1FY25.
