Overview

• Eternal said it will challenge the assessments, claiming a strong legal position and no expected financial impact.
• The confirmed amounts are INR 2.29 crore for July 2017–March 2018, INR 27.94 crore for 2018–19 linked to input tax credit, and INR 11.09 crore for 2019–20 on similar grounds.
• The orders were issued by the Joint Commissioner (Appeals)-4 in Bengaluru and cover the period from July 2017 to March 2020.
• Earlier in August, the company disclosed a separate GST demand and penalty of INR 1.34 crore for FY 2021–22.
• Context for investors includes a 90% year-on-year drop in Q1 FY26 consolidated net profit to INR 25 crore as Blinkit revenue rose to INR 2,400 crore, and plans to invest INR 150 crore in Bistro, Nugget, and Greening India, with Bistro operating 38 kitchens in Delhi NCR and Bengaluru.