New Delhi, Oct. 17 -- Eternal Ltd (formerly known as Zomato) posted a mixed bag performance in the September quarter (Q2FY26). Year-on-year growth in food-delivery net order value (NOV) recovered to 13.8% from 13.1% in Q1FY26-although it was higher at 21.4% in Q2FY25.

This improvement in the second quarter, albeit marginal, was achieved despite goods and services tax (GST) being levied on food delivery fees, which may have dampened the demand prospects of the food delivery business to some extent.

Secondly, the take rate (commissions earned from restaurants and platform fees from customers, etc.) increased sequentially and on-year by 75 basis points (bps) and 212bps, respectively, to 30.4% in the quarter.

It is worth noting that there ...