Eternal Q3 results: Zomato parent Eternal on Wednesday, January 21, reported a 72.88% year-on-year (YoY) jump in its consolidated profit to ₹102 crore for the December quarter of the current financial year (Q3FY26). In the same quarter last year, the company’s profit was ₹59 crore, as per the exchange filing.
Consolidated revenue from operations for the quarter under review more than tripled to ₹16,315 crore from ₹5,405 crore in the same quarter last year.
The company said its consolidated adjusted revenue grew by 190% YoY to ₹16,692 crore. Adjusted EBITDA grew 28% YoY to ₹364 crore.
Eternal Q3 earnings: Key highlights
1. Food delivery business
The company said its food delivery NOV (net order value) growth recovery continued with NOV in Q3FY26 growing 16.6% YoY and 4.5% QoQ.
“This was the second consecutive quarter of NOV growth acceleration following the bottom of 13.1% NOV growth in Q1FY26,” said the company.
The GOV (gross order value) growth was 21.3% YoY and 5.2% QoQ.
The segment’s adjusted EBITDA margin (as a percentage of NOV) reached an all-time high of 5.4% and the business delivered an absolute adjusted EBITDA of ₹531 crore for the quarter, rising 26% YoY and 6% QoQ, said the company.
2. Quick commerce margin in green
Eternal said its quick commerce NOV growth remained robust at 121% YoY and 14% QoQ despite GST changes and seasonality.
“Like-for-like NOV growth stood at 130%+ YoY. As many as 211 net new stores were added in the quarter, taking the total store count to 2,027 stores as at the end of the quarter (about 70 stores short of our guidance of 2,100 stores),” said the company.
“Adjusted EBITDA margin (as a percentage of NOV) turned positive for the first time on a quarterly basis with ₹4 crore adjusted EBITDA profit, improving significantly from a loss of ₹156 crore in the previous quarter,” the company said.
(This is a developing story. Please check back for fresh updates.)
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