Zomato Parent's Profit Dips Despite Revenue Growth
Eternal, the parent company of Zomato, reported a 63% decline in its September quarter consolidated net profit to Rs 65 crore, despite a 183% surge in revenue to Rs 13,590 crore.
The revenue growth was driven by Blinkit and food delivery growth, but the company faced challenges in its core food delivery vertical and expansion of its quick commerce business.
- Q2FY26 profit: Rs 65 crore, down 63% YoY
- Q2FY26 revenue: Rs 13,590 crore, up 183% YoY
- Sequential profit growth: 160% from Rs 25 crore in Q1FY26
- Sequential topline growth: 90% QoQ from Rs 7,167 crore
The company's adjusted revenue grew 172% year-on-year and 85% QoQ to Rs 13,968 crore in the September quarter.
Author's summary: Zomato's parent company Eternal sees profit dip despite revenue surge.