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Eternal Posts Strong Q4 Results as Blinkit Quick Commerce Drives Growth

By , News Editor5 min read
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Eternal Q4 FY26 results show Blinkit quick commerce driving 130 percent growth

Eternal (parent of Zomato and Blinkit) reported a strong Q4 FY26 with quick commerce arm Blinkit driving over 130% YoY growth in GOV, even as the food delivery business stabilised at industry-leading margins.

Key Facts

Key facts: Eternal Posts Strong Q4 Results as Blinkit Quick Commerce Drives Growth
DetailValue
Deal size₹6,420 crore
SectorEternal
CoverageStartup News

Eternal Ltd, the parent company of Zomato and Blinkit, reported its Q4 FY26 results on April 28, 2026, showing strong momentum led by its quick commerce business Blinkit.


Q4 FY26 Highlights


  • Consolidated revenue: ₹6,420 crore (+82% YoY)
  • Adjusted EBITDA: ₹485 crore (vs ₹86 crore YoY)
  • Blinkit GOV: ₹14,200 crore (+131% YoY)
  • Zomato food delivery GOV: ₹11,600 crore (+18% YoY)
  • Net profit: ₹312 crore (vs ₹175 crore YoY)

  • Blinkit Powers Ahead


    Blinkit has become the single largest contributor to Eternal's enterprise value:


  • Crossed 1,800 dark stores nationally
  • Average order value up to ₹680 (from ₹620 in Q3)
  • Contribution margin turned positive in 14 of top 15 cities
  • Expanding into electronics, beauty, and apparel categories

  • Food Delivery: Mature but Profitable


    Zomato food delivery is now a steady cash generator:


  • Take rate stable at 22.4%
  • Monthly transacting users at 26 million
  • Going Out (district) business growing at 60%+ YoY
  • Hyperpure (B2B supplies) crossed ₹4,000 crore annual run rate

  • Outlook


    Management guided to:


  • Blinkit GOV crossing ₹70,000 crore in FY27
  • Consolidated EBITDA margins improving 200 bps
  • Continued expansion of dark store footprint by 800+ stores
  • Cautious approach to ultra-fast 10-minute services beyond grocery
  • eternalzomatoblinkitq4 resultsquick commercefood deliveryearnings

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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