Eternal Profit Falls, Acquires Entertainment Businesses

Eternal Ltd, formerly known as Zomato, reported a 78% year-on-year decline in net profit to Rs 39 crore for the March 2025 quarter, despite a 64% revenue increase to Rs 5,833 crore. Total expenses rose 68% YoY, largely due to aggressive investment in Blinkit, Eternal's quick commerce arm, and infrastructure expansion. Blinkit added 75 new stores, bringing its total to 526, with revenue rising 122% YoY but losses widening due to continued heavy investment. The food delivery business showed stable growth, with improvements in order value, logistics efficiency, and adjusted EBITDA margins. Eternal also completed the acquisition of two entertainment businesses for Rs 2,014 crore to diversify its portfolio. The company stated that achieving profitability for Blinkit is not an immediate focus as it seeks to scale rapidly to pre-empt competition.