Eternal’s Q1 outlook points to Blinkit-led quick-commerce momentum
Eternal, parent of Zomato and Blinkit, is expected to report strong Q1FY27 growth as Blinkit expands its dark-store network. Analysts project 88% year-on-year growth in Blinkit NOV and 225 new dark stores during the quarter, with results due July 22, 2026.
What happened
Eternal, parent of Zomato and Blinkit, is expected to report sharply higher Q1FY27 profit on rapid quick-commerce expansion. Blinkit NOV may rise 88%
Key facts
- Eternal Q1 net profit estimated at Rs 281.60 crore versus Rs 25 crore in Q1FY26
- Eternal sales projected to rise 189.70% YoY to Rs 20,761 crore
- Food delivery NOV expected to grow 18% YoY
- Blinkit NOV expected to grow 88% YoY
- Blinkit projected to add 225 dark stores in Q1FY27, ending with 2,468 stores
- Blinkit contribution margin estimated at 5.5%; EBITDA margin at 0.6%
- Eternal adjusted EBITDA projected at Rs 550 crore
Why this matters
Blinkit’s planned 2,468-store footprint raises the strategic bar for rivals and potential partners, increasing the value of dense real-estate, logistics, and local-commerce assets.