Part of Eternal
Eternal
Eternal is expanding, with Blinkit nearing ~3,000 dark stores (Moneycontrol, 8 Oct) and management raising Blinkit's long-term adjusted EBITDA margin guidance to around 6% from 5–6% (Mint, 11 Oct). Quick commerce competition is flagged as the key risk (Mint), and FY26 adjusted EBITDA margin was only 2.2% (The Hindu BusinessLine, 26 Sept).
What it means
Eternal's scale now pays for itself: room for deeper discounts and more dark stores.
Reported: Net profit +268% on revenue +182% in Q1 FY27. ET Small Business,
Watch: Q2 FY27 results on 21 Oct — net profit growth drops below revenue growth.
Before its next results, on 21 Oct:Before then:
- Affected
- Meesho — facing a better-funded EternalDo now: By 21 Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- FMCG brands Eternal stocks — a stronger buyer at the tableDo now: By 21 Oct: expect firmer terms from it; lock volumes and prices.
All figures consolidated. The figures for Q1 FY26 and Q4 FY26 are confirmed on that basis by . All 3 figures from 22 Jul 2026 reports.
- Q2 FY26–Q3 FY26 not shown
- Q4 FY26 net profit₹174 crore
Our arithmetic · not a reported figureChange to Q1 FY27 profit
- +₹67 crorefrom Q1 FY26 profit
- −₹82 crorefrom Q4 FY26 net profit
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Eternal's tie-up with SBI Card puts a co-branded issuer model in place, with the annual fee waived at ₹2 lakh spend, so other platforms weighing a bank partnership have a live template to benchmark.Reported: Eternal, SBI Card launch co-branded credit card with 10% instant discount on Zomato, District and Bistro. Annual fee waived at ₹2 lakh spend; invitations to apply begin 22 October in phases.Watch:
- Reported: Eternal will report Q2 FY27 on 21 October with a 5:00 PM IST call, giving quick-commerce rivals a benchmark for Blinkit.Reported: Eternal, parent of Zomato and Blinkit, will announce Q2 FY27 results on 21 October, followed by a 5:00 PM IST earnings call.Watch: Rival quick-commerce announcements or discounting in the days after 21 October.
- Reported: In its 07 October 2026 report, ICICI Securities maintained Buy on Eternal with a ₹425 target.Reported: Watch:
Background
From 5 stories, the newest dated 9 Oct 2026. Summary written 10 Oct 2026. Newer developments are under Latest moves.
Eternal is the company behind Zomato and Blinkit. [1] source: Business Today
Show 3 more paragraphs and 5 sources
Deepinder Goyal is Eternal's CEO. [1] source: Business Today Goyal said on X that Eternal supports the livelihoods of well over 1% of Indians. [1] source: Business Today
Eternal's Zomato and Blinkit onboarded 3.1 lakh delivery partners in FY26, a 57% increase on the previous year. [1] source: Business Today Zomato and Blinkit's third EV Bazaar in New Delhi, reported in October 2026, drew 2,500 delivery partners and more than 20 manufacturers showing over 30 electric two-wheeler models. [2] source: YourStory In its 07 October 2026 report, ICICI Securities said Blinkit's dark-store count is nearing ~3,000 and that Blinkit remains the only major quick commerce player with EBITDA profitability. [3] source: Moneycontrol Eternal was among 63 firms reporting Q1 FY27 results on 22 July. [4] source: Business Standard
Bernstein found that Blinkit led quick commerce with a 94.4% average in-stock rate, ahead of Flipkart Minutes at 88.7%, Swiggy Instamart at 83.8% and Zepto at 82.5%. [5] source: Entrackr The study covered 150 SKUs over 10 days in Mumbai, Gurugram and Bengaluru. [5] source: Entrackr
Sources
Questions about Eternal
Who leads Eternal?
Deepinder Goyal is the CEO of Eternal, the company behind Zomato and Blinkit. He shared Eternal's FY26 delivery partner onboarding figures on X in October 2026. [1] source: Business Today
More stories about Eternal
Stories that mention Eternal
12 stories
Eternal is named in these stories but is not their subject.
- Nomura starts Meesho at Reduce, sees nearly 24% downside to Rs 167
- Amazon plans $3B India quick-commerce push through 2030
- Zomato adds pay-on-delivery fee for cash food orders
- Zomato closes Hyderabad support centre, affecting about 240 employees
- KKR Takes Minority Stake in BookMyShow to Back Live Entertainment Expansion
- Bernstein drops DMart from India model portfolio, citing quick-commerce pressure
- Swiggy shareholders back Indian-owned status plan to unlock Instamart inventory ownership
- Shiprocket lists 35% above IPO price after ₹1,617 crore issue draws 99x demand
- Maharashtra FDA suspends permits at 12 Blinkit, Zepto and Instamart warehouses
- Maharashtra FDA suspends Blinkit Malad West dark-store food licence
- Jefferies adds Lenskart to India long-only portfolio, exits PolicyBazaar and HDFC Bank
- District targets offline shopping as its second-largest category within three years