India, May 2 -- Blinkit's Expansion Eats Into Eternal's Profits
Eternal has reported another weak quarter due to stagnation in its core food delivery business and widening losses of its quick commerce platform, Blinkit, amid intensifying competition.
The Deepinder Goyal-led company's consolidated profits plunged 77.8% YoY to INR 39 Cr in Q4 FY25. For the full fiscal year 2025, Eternal's PAT jumped 50% YoY to INR 527 Cr while operating revenue zoomed 67% YoY to INR 20,243 Cr.
Here are other key takeaways from Eternal's Q4 FY25 financials:
Other income of INR 368 Cr helped Eternal stave off a loss-making quarter
Blinkit's top line surged 122% YoY to INR 1,709 Cr but adjusted EBITDA loss soared 4.8X YoY to INR 178 Cr
Zomato's adjusted ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.