Report
Eternal's Q2 profit rises 92% to Rs 125 crore but misses analysts' estimates
Bloomberg says Blinkit, Eternal's rapid-delivery arm, continued spending to fend off rivals as profit missed estimates.
TLDR
The Economic Times reports that Eternal, parent of Zomato and Blinkit, earned Rs 125 crore in net profit in Q2 FY27, up 92.3% year over year, while revenue rose 77.6% to Rs 24,138 crore. Bloomberg reports that profit fell short of analysts' average estimate of about 2.8 billion rupees as Blinkit continued spending to fend off rivals.
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