Eternal’s Blinkit Adds 200 Stores as Q1 Revenue Rises 182%

Eternal posted Q1 FY27 consolidated revenue of ₹20,211 crore, up 182% year on year, led by near-sevenfold growth at Blinkit. The quick-commerce arm added 200 stores to reach 2,443 and reported ₹365 crore in operating profit, while Zomato food delivery generated ₹621 crore in operating profit.

— Source publishedThu, 23 Jul, 2026, 12:06 IST·First seen Thu, 23 Jul, 2026, 13:24 IST·Source Inc42

What happened

Eternal reported strong Q1 FY27 growth led by Blinkit, which added 200 stores and improved profitability. Zomato food delivery profits also rose, while

Key facts

  • Q1 FY27 consolidated net profit ₹92 Cr, up nearly 3.7X YoY
  • Revenue ₹20,211 Cr, up 182% YoY and 17% QoQ
  • Blinkit revenue ₹15,664 Cr, nearly 7X YoY
  • Blinkit NOV ₹17,132 Cr, up 86% YoY
  • Blinkit operating profit ₹365 Cr, up ₹100 Cr QoQ
  • Blinkit added 200 stores, taking network to 2,443
  • Zomato food delivery revenue ₹3,100 Cr, up 37% YoY
  • Zomato food delivery operating profit ₹621 Cr
  • Hyperpure revenue ₹1,034 Cr and operating profit ₹14 Cr
  • District revenue ₹318 Cr, up 54% YoY; loss ₹61 Cr
  • District NOV ₹3,218 Cr, up 60% YoY
  • Eternal spent about ₹3,000 Cr on stores and warehouses over four years
  • Nugget transfer slump-sale value ₹35 Cr

Why this matters

Blinkit’s 2,443-store footprint raises the strategic premium on dense urban delivery networks, making scale, real estate access and last-mile capabilities more valuable targets.

What to watch

  • Quarterly Blinkit store additions, especially whether the network continues to expand at roughly 200 stores per quarter or accelerates.
  • Blinkit operating profit and contribution-margin trajectory after new-store ramp costs.
  • Gross order value, order-frequency growth, average order value and delivery-time performance.
  • Competitive dark-store counts, funding, discounting and delivery-fee actions from Zepto and Swiggy Instamart.
  • Share of sales from higher-margin private labels, ads and non-grocery categories.
  • Evidence that food-delivery profitability remains sufficient to support group-level investment without margin dilution.
  • Prioritize additional dark stores in high-density metro micro-markets and adjacent tier-1 catchments.
  • Use food-delivery cash generation and quick-commerce operating profit to fund logistics, automation and assortment expansion.
  • Increase private-label, fresh-food and higher-margin convenience categories to improve basket economics.
  • Add advertising, brand-funded promotions and merchant tools to deepen non-transaction revenue.
  • Defend key customer cohorts with membership, loyalty and targeted free-delivery offers rather than broad discounting.

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