Eternal Share Price (ETERNAL)

Eternal Limited (formerly Zomato Limited) is a major Indian technology company that started with the launch of the FoodieBay restaurant discovery platform in 2008, and was formally incorporated in 2010. It operates in the digital commerce sector, with key business lines in food delivery, quick commerce, B2B restaurant supplies, and dining-out services. As a snapshot of its scale, for the quarter ended March 31, 2025, the combined Net Order Value (NOV) of its B2C businesses (food delivery, quick commerce, and going-out) reached ₹17,440 crore. Its quick commerce arm, Blinkit, significantly expanded its footprint, reaching 1,301 stores by March 31, 2025, after adding 294 new stores during that quarter. The company's B2B supplies segment, Hyperpure, also demonstrated strong performance, with its revenue growing by 93% year-over-year for the quarter ended March 31, 2025. Eternal Limited is a prominent player in India's food delivery market and is rapidly growing its presence in quick commerce and B2B supplies. The company has evolved from a restaurant listing service into a multi-faceted digital platform, successfully scaling new ventures like Blinkit and Hyperpure, as evidenced by their growth in the fiscal year ended March 31, 2025.

What does Eternal (Zomato) Ltd do?

Eternal Limited (formerly Zomato Limited) primarily operates as an online platform that connects users with restaurants for food ordering and delivery. Beyond food delivery, the company has diversified its operations significantly. It runs a quick commerce business under the brand Blinkit, delivering groceries and other essential items to customers within minutes. Through its Hyperpure brand, Eternal Limited engages in B2B (business-to-business) operations, supplying fresh ingredients and other kitchen products to restaurant partners. Additionally, the company provides services related to dining out, including restaurant discovery, table reservations, and event ticketing through its platforms. Eternal Limited's revenue is generated from multiple streams: commissions on food orders placed through its platform, sales of goods in its quick commerce (Blinkit) and B2B supplies (Hyperpure) segments, advertising income from restaurant partners, and fees for other services. Based on its consolidated adjusted revenue for the quarter ended March 31, 2025, the key segments contributing to its operations were Food Delivery (approximately 32.8%), Quick Commerce via Blinkit (approximately 27.6%), and B2B supplies via Hyperpure (approximately 16.3%).

Products/Services of Eternal (Zomato) Ltd

Food Delivery
This is Eternal Limited's foundational service, allowing users to browse menus and order food from a wide network of restaurants for delivery. For the quarter ended March 31, 2025, the Gross Order Value (GOV) for the food delivery segment grew by 28% year-over-year.

Blinkit (Quick Commerce)
Blinkit is Eternal Limited's quick commerce platform, focused on delivering groceries, fresh produce, and other household essentials to customers in a short timeframe, typically minutes. For the quarter ended March 31, 2025, Blinkit's Net Order Value saw a year-over-year growth of 121%. During the same period, Blinkit served an average of 13.7 million transacting customers per month.

Hyperpure (B2B Supplies)
Hyperpure is the company's B2B initiative that supplies restaurant partners with high-quality ingredients, kitchen supplies, and other essentials. This service aims to streamline the procurement process for restaurants. For the quarter ended March 31, 2025, Hyperpure's revenue increased by 93% year-over-year.

Going-Out
This segment encompasses services that enhance the dining-out experience, including restaurant discovery, table booking capabilities, and event discovery and ticketing, notably through its District app. The Going-out business more than doubled its scale year-over-year as reported for the quarter ended March 31, 2025.

Future Outlook and Expansion Plans of Eternal (Zomato) Ltd

Eternal Limited (formerly Zomato Limited) has outlined several strategic priorities focused on growth and market expansion, particularly in its quick commerce segment. The company plans to continue the rapid expansion of its Blinkit store network, with an ambition to increase the number of stores towards 2,000, up from the 1,301 stores operational as of March 31, 2025. This expansion includes significant investment in backend infrastructure, such as warehousing, evidenced by the addition of 1 million square feet of new warehousing space in the quarter ended March 31, 2025, to support the growing store footprint and enhance supply chain efficiency. For its established food delivery business, the company maintains a long-term guidance of achieving 20% year-over-year growth in Gross Order Value, as communicated in its update for the quarter ended March 31, 2025. While pursuing aggressive growth in these key areas, Eternal Limited also undertakes strategic rationalization of its portfolio. For instance, it announced the discontinuation of its Zomato Quick 10-minute food delivery service and its Everyday home-style meal service around the time of its Q4 FY25 results, citing a shift towards ventures with stronger profitability prospects.