Eternal posts Rs 92 crore Q1 profit as Blinkit revenue surges

Eternal’s Q1 FY27 consolidated revenue rose to Rs 20,211 crore from Rs 7,167 crore a year earlier, led by Blinkit’s Rs 15,664 crore contribution. The quick-commerce arm also reported Rs 325 crore EBITDA, versus a Rs 42 crore loss, as it expands capacity, cities and premium gourmet stores.

— Source publishedWed, 22 Jul, 2026, 17:18 IST·First seen Wed, 22 Jul, 2026, 17:23 IST·Source YourStory · Capital

What happened

Eternal posted Rs 92 crore Q1 FY27 profit as revenue nearly tripled, led by Blinkit. The quick-commerce unit is expanding capacity, assortment and geography,

Key facts

  • Rs 92 crore consolidated net profit in Q1 FY27, versus Rs 25 crore a year earlier
  • Rs 20,211 crore consolidated revenue in Q1 FY27, versus Rs 7,167 crore a year earlier
  • Blinkit revenue: Rs 15,664 crore, versus Rs 2,400 crore a year earlier
  • Zomato revenue: Rs 3,100 crore, versus Rs 2,261 crore a year earlier
  • Hyperpure revenue: Rs 1,034 crore
  • Going-out segment revenue: Rs 318 crore
  • Blinkit EBITDA: Rs 325 crore, versus a Rs 42 crore loss a year earlier
  • Food delivery EBITDA: Rs 625 crore, versus Rs 465 crore a year earlier
  • Blinkit operates around 19 million sq ft of store and warehouse space across more than 300 cities
  • Over Rs 3,000 crore capex invested in the past four years
  • Gourmet stores planned in select locations across the top eight cities

Why this matters

Blinkit’s profitable scale-up raises the strategic premium on quick-commerce assets, making partnerships, acquisitions and defensible local supply networks more urgent for rivals.

What to watch

  • Blinkit EBITDA margin and contribution profit trend as new stores mature.
  • Dark-store additions, active-city growth and sales per store versus fulfillment-cost growth.
  • Competitive discounting and expansion by Zepto, Swiggy Instamart, Amazon, Flipkart and organized grocers.
  • Repeat-order frequency, average order value and premium-category mix.
  • Inventory shrink, spoilage and working-capital intensity as grocery and gourmet assortment broadens.
  • Management guidance on whether profitability is sustained after expansion spending and ESOP costs.
  • Accelerate dark-store and city expansion, prioritizing clusters where order density can absorb fixed costs.
  • Expand premium gourmet formats and higher-margin private-label or exclusive assortment.
  • Use improved cash generation to strengthen supply-chain automation, inventory availability and merchant terms.
  • Defend market share through selective memberships, targeted discounts and faster-delivery coverage rather than broad-based subsidy escalation.
  • Cross-sell food delivery, dining and loyalty products to lower Blinkit customer-acquisition costs.