India, Oct. 20 -- Eternal is torn between Zomato and Blinkit. As soon as one stabilises the other one hits a snag. And as the Q2 results show, Eternal is banking on food delivery for profits and quick commerce for growth.

But this balancing act is proving harder to achieve than many might have expected last year.

The company's operating revenue surged to INR 13,590 Cr, a massive 183% jump from the same quarter last year. But profits took a sharp nosedive of 63% year-on-year to INR 65 Cr. Even though net profit more than doubled on a QoQ basis from INR 25 Cr, one would have expected a higher uptick given that Q2 is the start of the festive season, historically a big quarter for Zomato.

In Q2, Blinkit was the clear standout for Eternal, ...