Blinkit tops Zomato in order value as Eternal posts strong Q1 growth
Zomato
's core food delivery business in net order value for the first time, marking a key shift in the business composition of Eternal Ltd, the listed parent of Zomato, Blinkit, Hyperpure and event-ticketing arm District.
The company reported a 70% year-on-year rise in consolidated revenue to Rs 7,167 crore for the quarter ended June 30, 2025, driven largely by the growth of its quick commerce vertical.
The company posted a net profit of Rs 25 crore, down 90% from Rs 253 crore a year earlier, due to higher investments in Blinkit and other emerging verticals. Adjusted Ebitda declined 42% year-on-year to Rs 172 crore.
Revenue from Blinkit more than doubled to Rs 2,400 crore during the quarter, while Zomato's food delivery business grew 16% to Rs 2,261 crore.
Blinkit's net order value (NOV) rose 127% year-on-year to Rs 9,203 crore, slightly surpassing Zomato's Rs 8,967 crore. This is the first quarter where Blinkit has exceeded the company's core food delivery arm in order value, indicating a shift in strategic weight toward quick commerce.
Zomato's food delivery unit showed stable growth, with a 10% sequential increase in revenue and steady improvement in margins. Adjusted Ebitda margin for the vertical improved to 5% of NOV, up from 3.9% in the year-ago period.
Monthly transacting users rose to 22.9 million from 20.3 million last year, while average monthly transacting restaurant partners stood at around 2,38,000.
Blinkit, which operates a network of over 500 dark stores, continues to be loss-making at the Ebitda level, reporting a loss of Rs 162 crore for the quarter, although this improved marginally from Rs 178 crore in the previous quarter. Eternal announced the incorporation of a new subsidiary, Blinkit Foods, to explore parallel commerce models including cooked food delivery.
Hyperpure, the company's B2B supplies vertical for restaurants, generated Rs 2,295 crore in revenue, up 89% year-on-year. District, Eternal's going-out and ticketing vertical, saw revenue more than double to Rs 207 crore from Rs 95 crore in the same quarter last year.
During the quarter, the company granted around 1 million stock options to employees under its Esop plans, valued at about Rs 26 crore. Eternal has said Esops are a key lever in long-term talent retention, especially as it scales newer businesses.
Eternal closed the quarter with a consolidated gross order value (GOV) of Rs 21,729 crore across its platforms, up from Rs 13,544 crore a year ago. The company said it would continue to invest in growing Blinkit and Hyperpure, even as it keeps food delivery profitable and cash-generating.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
29 minutes ago
- Deccan Herald
Maharashtra: 26.32 lakh ineligible beneficiaries found under cash benefit scheme for women
Under the scheme, the government provides Rs 1,500 per month to eligible women in the age group of 21-60 years age bracket for overall progress of women.
Hans India
29 minutes ago
- Hans India
Gangaikonda Cholapuram committee hails announcement of grand statues for Chola emperors
Prime Minister Narendra Modi on Sunday offered prayers at the ancient Shiva temple of Gangaikonda Cholapuram in Tamil Nadu and also announced that grand statues of Chola emperors Rajaraja Chola and Rajendra Chola will be erected to honour their contributions to Indian history and culture. The Prime Minister's promise of constructing new and grand statues of Chola emperors has been welcomed and deeply appreciated by Gangaikonda Cholapuram Development Committee. Gomagan, the president of Gangaikonda Cholapuram development committee expressed his gratitude to the Prime Minister and said that this is a joyous moment for all of us. 'The visit of PM Modi to Gangaikonda Cholapuram is a joyous event for all of us. Since 2014, we have been celebrating the Aadi Thiruvathirai festival on behalf of the Gangaikonda Cholapuram development committee. In this context, we express our gratitude to Chief Minister Stalin for recognizing the Aadi Thiruvathirai festival as a state festival from the year 2022,' he said. He further said: "We thank PM Modi for his pledge to build a grand statue for Rajendra Chola, who is renowned for constructing a large navy amongst Indian kings and for leading Naval campaigns in the Southeast Asia." A special tribute was also paid to Rajendra Chola with the release of Rs 1,000 coin featuring his likeness, which brings pride and joy to all of us, Gangaikonda Cholapuram committee further said. Speaking during a special function at the historic Gangaikonda Cholapuram temple in Ariyalur district, PM Modi said that the Chola empire represented a golden era of India, marked by achievements in architecture, governance, diplomacy, trade, and cultural integration. 'The Cholas established strong political and trade ties with Sri Lanka, the Maldives, and Southeast Asia. It is a coincidence that I returned from the Maldives yesterday, and today I stand here in the land once ruled by these visionary kings,' he remarked.
Time of India
29 minutes ago
- Time of India
TCS CEO K. Krithivasan's net worth: Amid 12,000 job cuts, top IT executive earns Rs 265200000 remuneration annually
In another major move within the IT sector, India's largest services provider company, Tata Consultancy Services (TCS), is aiming to reduce its workforce by 2 per cent or approximately 12,000 employees, in its 2026 financial year, as per reports that came in on Sunday, July 27, 2025. Amid the TCS layoffs, let's explore the net worth of CEO K. Krithivasan and understand his financial standing. According to Mint, the company is retraining and redeploying staff in a bid to become more agile and more firm to be ready for the future amid the fears of disruptions in technology, especially due to the emergence of Artificial Intelligence (AI). Moreover, the company's target is primarily focused on the middle and senior management, as per Reuters. However, this decision will also impact the employees from across the world and the domains where TCS operates. TCS to lay off 12,000 employees.— Tata Consultancy Services will lay off 2% of its workforce over the next year, Moneycontrol reported.— The move will impact around 12,000 of the company's employees, primarily at middle and senior levels, TCS CEO K Krithivasan told… Who is K. Krithivasan? K. Krithivasan was appointed as the CEO of Tata Consultancy Services (TCS) after MD and CEO Rajesh Gopinathan stepped down from his role in 2023. Krithivasan is currently the president and global head of the banking, financial services, and insurance business unit at TCS. According to an excerpt shared on the company's website, "He is responsible for planning and executing growth strategies, improving financial performance, and enhancing customer mindshare and market positioning. He has helped key clients with digital transformation, change management cycle acceleration, achieving value beyond cost optimisation, and establishing IT program governance." K. Krithivasan's net worth and more The recently revealed annual report of IT services TCS provided a valuable insight into the C-suite executive salaries in India. According to The Week, the annual report revealed that K. Krithivasan takes home a staggering Rs 26.52 crore in FY2025, which is ₹2.21 crore a month! The report further mentioned, in the fiscal year 2025, the CEO's salary increased by 4.6 per cent, and this stands in stark contrast to the median salary at TCS, as Krithivasan earned nearly 330 times more than others, which highlighted the significant salary gap within the IT services industry. His total compensation of Rs 26.52 crore consisted of a Rs 1.39 crore salary, Rs 2.13 crore in benefits (including perks and allowances), and a commission of Rs 23 crore, as detailed in the annual report. FAQs Q. Why is TCS cutting 2% of its employees in the fiscal year 2026? Given the possible disruptions from cutting-edge technologies like artificial intelligence, TCS wants to become more adaptable and ready for any obstacles that may arise in the future. Q. How much does K. Krithivasan get paid in comparison to other CEOs in the IT industry in India? According to Financial Express, K. Krithivasan's total compensation of ₹26.52 crore for the fiscal year 2024–25 was much less than that of his colleagues. The CEOs of HCLTech, Infosys, and Wipro, for example, received ₹84.16 crore, ₹80.6 crore, and almost ₹53 crore, respectively. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
