Eternal posts Rs 92 crore Q1 profit as Blinkit turns EBITDA-positive
Eternal’s Q1 FY27 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 unit reported Rs 325 crore EBITDA and plans further capacity, city and premium gourmet-store expansion.
What happened
Eternal reported Q1 FY27 profit of Rs 92 crore as revenue nearly tripled, led by Blinkit. The quick-commerce unit turned EBITDA-positive and will expand
Key facts
- Rs 92 crore consolidated net profit in Q1 FY27, versus Rs 25 crore a year earlier
- Rs 20,211 crore consolidated revenue, versus Rs 7,167 crore a year earlier
- Blinkit revenue: Rs 15,664 crore, versus Rs 2,400 crore
- Zomato revenue: Rs 3,100 crore, versus Rs 2,261 crore
- Hyperpure revenue: Rs 1,034 crore
- Going-out segment revenue: Rs 318 crore
- Blinkit EBITDA: Rs 325 crore, versus Rs 42 crore loss
- Food delivery EBITDA: Rs 625 crore, versus Rs 465 crore
- 19 million sq ft of Blinkit store and warehouse space
- Presence in more than 300 cities
- Over Rs 3,000 crore capex over four years
- Gourmet stores planned in select locations across the top eight cities
Why this matters
Blinkit’s proven quick-commerce economics strengthen Eternal’s strategic position to pursue market expansion, premium formats and ecosystem partnerships from a position of operating profitability.
What to watch
- Blinkit dark-store count, city additions and the proportion of stores reaching maturity.
- Quarterly EBITDA progression alongside growth in gross order value, orders and average order value.
- Competitive pricing and delivery-fee actions from Zepto, Swiggy Instamart, BigBasket and organized retailers.
- Advertising revenue, brand-funded promotions and private-label penetration as indicators of margin durability.
- New-store payback periods, delivery cost per order, customer acquisition spending and inventory losses.
- Premium/gourmet-store repeat rates and whether higher-ticket assortment improves contribution margin rather than only revenue.
- Accelerate dark-store additions in high-order-density micro-markets before broadening lower-density city coverage.
- Use EBITDA proof point to negotiate better terms with consumer brands, including sponsored listings, exclusive launches and higher trade margins.
- Expand premium gourmet formats in affluent catchments while maintaining a value-led everyday-grocery proposition in mass-market zones.
- Prioritize basket-building initiatives such as subscriptions, loyalty benefits, bundled food-delivery offers and higher-frequency household categories.
- Tighten capital-allocation disclosure around mature-store profitability, new-store payback periods and contribution margins to validate that expansion is not masking weaker unit economics.