The net profit for the said period was reported at Rs 25 crore, against Rs 253 crore reported in the corresponding quarter of the previous financial year.
However, in addition to the increasing revenues, the stock’s rally may also be attributed to the growth of its quick commerce business, Blinkit, which posted a revenue of Rs 2,400 crore, up from Rs 942 crore, reported in the year-ago period and from Rs 1,709 crore reported in the last quarter.
Meanwhile, the food delivery segment clocked a revenue of Rs 2,261 crore in the first quarter of FY26, compared to Rs 1,924 crore in the same quarter of the last fiscal year.
“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 informed in its filing to the exchanges.
Eternal’s profit after tax (PAT) fell 36% on a quarter-on-quarter basis versus Rs 39 crore reported in Q4FY25. The significant drop in profit was due to ongoing investments in quick commerce and the going-out segment.Also read: Early Q1 results show a slowdown in revenue and profit growth for Indian companies(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
