Listed startups keep proving the startup funding in India story doesn't end at the IPO: Eternal Ltd, the parent company of Zomato and Blinkit, reported a 92.3% year-on-year jump in consolidated net profit to ₹125 crore for the second quarter of FY27.
Revenue surged 78% YoY to ₹24,138 crore, up from ₹13,590 crore in the corresponding quarter of the previous fiscal year, the company said in its exchange filing on 21 October 2026. The profit number, however, missed analysts' estimates, which had projected a net profit of ₹250 crore, against ₹65 crore a year ago.
Alongside the results, Eternal's board approved the transfer of its Going-out India business to a wholly owned subsidiary, part of a continuing reshaping of the portfolio beyond its core food delivery and quick commerce engines.
The quarter caps a busy stretch for the company. Blinkit continues to expand its footprint as quick commerce consolidation plays out, while the parent's push into adjacent consumer-tech platforms — including its exposure to gated-community tech — shows a conglomerate-style expansion beyond the core.
For public-market watchers, Eternal's trajectory is the reference case for India's new-age listings: growth remains steep, profitability is improving, but the bar set by analyst expectations keeps rising with every quarter. The 78% revenue growth paired with a near-doubling of profit keeps it among the strongest performers of the listed startup cohort.
With the festive quarter underway — traditionally the strongest for food delivery and quick commerce — the company heads into Q3 with momentum, even as it has signalled it will keep pruning non-core businesses to sharpen focus.
Why it matters for founders
Eternal's 92% profit jump on 78% revenue growth is the template late-stage founders are being measured against: grow fast AND widen margins. Public markets now punish a miss even on a record quarter.