Eternal, the parent entity of Zomato and Blinkit, on Wednesday reported a consolidated net profit of Rs 125 crore for the September quarter, nearly doubling from Rs 65 crore a year ago, on robust revenue growth, The Hindu BusinessLine reported, citing the company's regulatory filing.

Source: The Hindu BusinessLine

Outlook Business reported the same result — profit up 92% year-on-year to Rs 125 crore, revenue from operations up 78% to Rs 24,138 crore from Rs 13,590 crore a year earlier, and consolidated adjusted EBITDA up 197% to Rs 666 crore. Total expenses rose to Rs 24,166 crore from Rs 13,813 crore a year ago.

Blinkit added 308 net new stores in the quarter, taking its network to 2,751 stores, BusinessLine said. Quick-commerce net order value grew 79.3% to Rs 20,940 crore, with Blinkit reporting Rs 184 crore in adjusted EBITDA profit and a sixth consecutive quarter of margin improvement. Entrackr, citing the exchange filing, put Blinkit's segment revenue at Rs 19,152 crore, up 93% year-on-year.

For Zomato's food delivery business, net order value grew 21.5% year-on-year to Rs 11,445 crore, the company said. Founder Deepinder Goyal said the company's long-term expectation for food delivery had always been 20 per cent-plus annual growth, and the last two quarters had brought the business back to that range, BusinessLine reported.

CFO Akshant Goyal said the company now expects to cross 3,500 Blinkit stores by March 2027, with current plans pointing to about 5,000 stores by March 2028, BusinessLine reported.

Sources: The Hindu BusinessLine, Outlook Business, Entrackr, Inc42.