Overview
- Eternal Ltd, formerly Zomato, posted a 78% year-on-year drop in net profit to ₹39 crore, despite a 64% revenue surge to ₹5,833 crore in Q4 FY25.
- Blinkit, the company’s quick commerce division, added a record 294 stores, bringing its total to 1,301, but widened its adjusted EBITDA loss to ₹178 crore due to aggressive expansion costs.
- The company announced the closure of Zomato Quick and Everyday services, citing unviable profitability and inconsistent customer experiences.
- A new Net Order Value (NOV) metric was introduced to better reflect actual customer spending, particularly in Blinkit’s non-grocery categories.
- JP Morgan revised Blinkit’s EBITDA break-even timeline to Q3 FY26, as Eternal faces intensifying competition from Swiggy Instamart, Zepto, and potential entrants like Amazon and Flipkart.