Eternal Limited is an Indian multinational technology company. It is the parent company of Zomato, Blinkit, District and Hyperpure. The company was formerly known as Zomato Limited and changed its name to Eternal Limited in March 2025. The company was incorporated in 2010 and is headquartered in Gurugram, India.
Eternal Limited is an online restaurant guide and food ordering platform. The Company offers platform connects customers, restaurants, and delivery partners to search and discover restaurants, read and write customer generated reviews, order food delivery, book a table, and make payments while dining-out at restaurants.
Eternal Ltd has a market cap of ₹2,54,142 crore (up 18.4% in 1 year), revenue of ₹20,243 crore, and profit of ₹527 crore. On an annual basis, operating revenue surged 67.1% to ₹20,243 crore in FY25 as compared to ₹12,114 crore in the previous financial year. The total revenue of the company stood at ₹21,320 crore during FY25.
Foodtech giant Eternal Limited, formerly known as Zomato Limited, has announced its Q4 results for FY25. The company recorded a 63% YoY growth in revenue during the quarter. However, its profit after tax dwindled 78% during the same period.
Eternal's revenue from operations jumped 63.75 per cent to Rs 5,833 crore in Q4 FY25 from Rs 3,562 crore in the year-ago period. Eternal Ltd (formerly known as Zomato) on Thursday reported a 77.71 per cent year-on-year (YoY) drop in its consolidated net profit for the January-March 2025 quarter, fuelled by a rise in expenses. During the three months under review, profit slipped to Rs 39 crore as against Rs 175 crore in the corresponding period last year.
**Key Q4 FY25 Financial Highlights:**
- Revenue from operations: ₹5,833 crore (up 63.75% YoY)
- Net profit: ₹39 crore (down 77.71% YoY)
- Expenses: ₹6,104 crore (up 67.88% YoY)
- Adjusted EBITDA: ₹165 crore (down 15% YoY)
**Annual FY25 Financial Highlights:**
- Total revenue: ₹21,320 crore (up 64.5% YoY)
- Net profit: ₹527 crore (up 50.1% YoY)
- Revenue from operations: ₹20,243 crore (up 67.1% YoY)
Food Delivery (44% in H1 FY25 vs 81% in FY22): The company operates Zomato, a B2C technology platform that allows customers to discover local restaurants, order food, and have it delivered through a last-mile network of independent delivery partners, with a presence in 800+ cities. The segment revenue grew by 35% YoY in H1 FY25, driven by a 24% rise in Gross Order Value (GOV).
Eternal's core food delivery business demonstrated stability. Adjusted revenue for the segment grew 17.5% YoY to ₹2,409 crore in Q4 FY25. The Gross Order Value (GOV) for food delivery was reported at ₹9,778 crore, showing a 1.3% quarter-on-quarter (QoQ) decline, though it increased from ₹8,439 crore in Q4 FY24.
Its quick commerce vertical under Blinkit led the growth with a 122% surge in revenue to ₹1,709 crore, though losses increased for the vertical due to aggressive expansion as it added 294 stores in Q4, taking the total to 1,301 stores.
Albinder Dhindsa, the Chief Executive Officer (CEO) of Eternal's quick-commerce platform Blinkit, mentioned that they opened a record number of new stores in the last quarter, with 294 new stores added. This is the highest number of stores opened in a single quarter. However, about 40% of the total 1,301 stores they have are still new and not fully used yet.
It is the parent company of Zomato, Blinkit, District and Hyperpure. The company also operates Hyperpure, which focuses on B2B food supply chain solutions, and District, which provides going-out experiences and dining solutions.
A leading player in the Indian tech space, Eternal Limited operates several popular platforms, including Zomato, Blinkit, Hyperpure, and District. While Zomato has transformed the food delivery landscape in India, Blinkit has emerged as one of the country's top quick-commerce delivery services, further cementing the company's presence in the Indian market.
Eternal Ltd., owner of Zomato and Blinkit, is highlighted by JP Morgan as a top pick, anticipating improved financial performance due to reduced competition and slower store growth. Zomato co-founder Deepinder Goyal is also venturing into aviation with LAT Aerospace, aiming to enhance air travel accessibility.
Aditya Mangla appointed CEO of food delivery business; Rakesh Ranjan steps down after 2 years. This management change was announced in July 2025 as part of the company's continued focus on strengthening its food delivery operations.
Eternal Ltd's shares fell after Amazon launched its quick commerce service in Bengaluru, intensifying competition in the food-tech sector. Analysts express concerns but maintain medium-term growth outlook.
Eternal target price ₹275.63, a slight upside of 4.6% compared to current price of ₹264.55. According to 30 analysts rating. Eternal Ltd receives strong support from analysts, with 25 out of 31 maintaining a buy rating. JM Financial sets a target price of Rs 280.
The brokerage called Eternal a top pick, citing its dominance in food delivery and quick commerce, a lean cost structure that supports better unit economics than peers, and a solid balance sheet that minimizes the risk of future equity dilution. It also believes the risk-reward remains attractive, with downside support likely around Rs 200-Rs 220.
The company continues to focus on aggressive expansion in quick commerce while maintaining its leadership position in food delivery, positioning itself as a key player in India's evolving digital commerce landscape.
