&w=3840&q=100)
Zomato's parent Eternal Q4 net profit tanks 77% to ₹39 cr, revenue up 63%
Eternal Ltd has reported a consolidated net profit of ₹39 crore for the fourth quarter of the financial year 2025 (FY25), marking a 77 per cent decline from the corresponding quarter of the previous fiscal year.
The food delivery major, Eternal —formerly known as Zomato—reported revenue from operations at ₹5,833 crore.
'Blinkit is on track to reach 2,000 stores by December 2025. However, food delivery growth remains below our expectations for now,' the company said in a statement.
Eternal also announced the shutdown of its services Zomato Quick and Everyday, citing the absence of a clear path to profitability.
Total income rose over 60 per cent to ₹6,201 crore compared to the fourth quarter of the previous financial year.
The decline in net profit has been attributed to a significant rise in expenses. The company's total expenses grew by 63 per cent to ₹6,104 crore.
For FY25, revenue from operations increased by 67 per cent to ₹20,243 crore. Similarly, total income rose by 64 per cent to ₹21,320 crore.
The company's net profit for FY25 surged by 139 per cent to ₹697 crore.
Speaking on profitability, Chief Financial Officer Akshant Goyal said: 'Net Order Value (NOV) of our B2C businesses grew 53 per cent year-on-year (YoY) and 5 per cent quarter-on-quarter (QoQ) to ₹17,440 crore in Q4FY25. On a like-for-like basis—excluding the impact of the Paytm entertainment ticketing business acquisition—NOV growth was 48 per cent YoY and 5 per cent QoQ.'
'Our B2B business, Hyperpure, reported a 93 per cent YoY increase in revenue (10 per cent QoQ). Consolidated adjusted revenue grew 60 per cent YoY and 8 per cent QoQ to ₹6,188 crore,' Goyal added.
Eternal FY25 Financial Summary
Net Profit: ₹527 crore (up 50 per cent from ₹351 crore in FY24)
Q4 FY25 Highlights
Net Profit (attributable to owners): ₹39 crore
Earnings per Share (EPS): ₹0.04 (Basic and Diluted)
FY25 Highlights
Revenue: ₹20,243 crore
Net Profit (attributable to owners): ₹697 crore
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Govt may help MSMEs register products abroad: Piyush Goyal
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bern: India plans to come out with a dedicated scheme to assist micro, small and medium enterprises in registering their products overseas, commerce and industry minister Piyush Goyal government is firming up details of the Export Promotion Mission (EPM) announced in its February budget, and this scheme could be a part of the package."I am thinking of coming out with a scheme that any MSME that needs to spend any amount of money to register their products anywhere in the world, particularly for new products, new markets, and new exporters, the government will fund the whole cost," Goyal told a visiting Indian industry delegation late Monday is on a four-day visit to Switzerland and Sweden to boost trade and investments between the two asked the Indian industry to focus on exporting value-added goods and run campaigns for brand building and marketing."We do a lot of rice exports. Can we look at how to add value to those exports. We need to brand the products, can we run campaigns? Can we run joint campaigns to market Indian rice or grown-in-India rice?" the minister prompted the said the government had inked several free trade agreements and is negotiating deals with the EU, New Zealand and Oman. "I am sure the (deal with) EU will happen very soon. So, in a short span of a year and a half, we will get an FTA with all the major European countries with whom we wish to do business," Goyal said, adding Brazil is keen to initiate talks on a trade deal. "We already have negotiations with Chile and Peru," he about measures to arrest the declining trend in FDI, he said India is witnessing renewed overseas inflows and the government is open to suggestions and will adopt new measures to promote he said there is no declining trend even though periodic fluctuations may occur due to changes in global interest received FDI of $748.78 billion between 2014-2025Goyal has proposed a dedicated enclave for Swiss businesses in India with a trade deal with the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland, and Liechtenstein, coming into effect in three an event organised to mark the Swiss industry day here, the minister said both Switzerland and India had a "natural partnership." Citing statistics to highlight the India growth story, he said the country was focussing on inclusive growth and had taken large leaps in creating infrastructure."We could even create a Swiss enclave, an area dedicated to Swiss businesses," Goyal said, adding that the enclave could have restaurants, hotels, schools and colleges for Swiss citizens who would come to work in the units of those said while India provides a huge market and skilled professionals, Switzerland has advanced manufacturing the pact, India has received an investment commitment of $ 100 billion in 15 years from the grouping. The minister suggested a reciprocal mechanism for recognition of certification about the proposed trade deal between New Delhi and the US, Goyal said both were in talks for a "fair and equitable" trade agreement that will provide them with an opportunity to expand and strengthen trade ties."We believe it's an opportunity for us to expand our bilateral trade and strengthen our partnership," he told reporters minister said that both America and India are close friends, allies and strategic partners."We are negotiating to make a nice, fair, equitable and balanced agreement to promote business," Goyal said.A US team of trade officials is in New Delhi till June 10 for talks on the trade deal, US President Donald Trump and Prime Minister Narendra Modi had announced in minister said Swiss pharmaceutical companies have not shown even a single instance that Indian companies have illegally copied any of their trademarks or patent or copyrighted technology."I was shown none, not one. This is a myth which has been propagated for years," Goyal told reporters, responding to queries on complaints of Swiss pharma companies on IPR issue."India is very respectful of intellectual property rights (IPRs). India is very conscious of its responsibilities, and India is a country known to never, ever steal anybody else's technology," he underlined that India does not permit ever-greening of patents.(The correspondent is in Switzerland at the invitation of Commerce and Industry Ministry)
Time of India
2 hours ago
- Time of India
EU India FTA: India, EU close to finalising trade pact as talks near conclusion, Piyush Goyal hints at faster-than-expected finish
India and the European Union are 'really very near' to concluding their long-pending free trade agreement (FTA), Commerce and Industry Minister Piyush Goyal said on Tuesday, adding that only a few outstanding issues remain unresolved. 'We are very close to finalising a very good, robust free trade agreement with the EU—faster than most people would imagine,' Goyal told reporters in Bern. He said both sides have agreed to respect each other's sensitivities and avoid letting minor irritants derail progress, PTI reported. EU trade pact covers goods, services, investment, and GIs Negotiations between India and the 27-nation EU bloc resumed in June 2022 after an eight-year hiatus, covering 23 policy areas, including trade in goods and services, investment protection, geographical indications (GIs), dispute resolution, IP rights, and sustainability. Talks had originally stalled in 2013 over disagreements on market access and regulatory frameworks. Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed earlier this year to seal the deal by the end of 2025. EU is India's largest trading partner in goods India's bilateral trade in goods with the EU stood at $137.41 billion in FY24, with exports worth $75.92 billion and imports at $61.48 billion. The EU accounts for 17% of India's total exports and 9% of the EU's exports go to India, underlining the strategic value of the trade relationship. Bilateral services trade was estimated at $51.45 billion in 2023, adding to the growing economic interdependence between the two economies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
3 hours ago
- India.com
Big challenge for Zomato, Swiggy, Blinkit and Zepto as Ratan Tata's Bigbasket aims to launch...
Ratan Tata's BigBasket Big challenge for Zomato, Swiggy, Blinkit and Zepto: In a massive development for India's quick-commerce market, Ratan Tata's BigBasket is planning to launch 10-minute minute food delivery services nationwide by the end of fiscal 2026. Taking on established players such as Zomato, Swiggy's Snacc, Blinkit's Bistro and Zepto Cafe, Ratan Tata's Bigbasket aims to increase its dark store count from about 700 currently to 1,000-1,200 by the end of 2025. The management of Noel Tata's Tata Group BigBasket told Reuters that BigBasket is targeting customers of the existing food delivery firms such as Zomato and Swiggy while also unlocking a new pool of customers. Readers should note that Zomato, Swiggy's Snacc, Blinkit's Bistro and Zepto Cafe have already started 10-minute food delivery and Ratan Tata's Bigbasket will be big challenge for them. India's quick commerce market to $57 billion by 2030 In a significant Riding on a surge in online orders in smaller cities and towns, India is likely to see its quick commerce (QC) total addressable market (TAM) reach $57 billion by 2030, according to a new report. Morgan Stanley has updated its forecast from earlier $42 billion, as quick commerce adoption rises across the country. The global brokerage has also raised its gross order value (GOV) estimates for the quick commerce segment in India by 9-11 per cent for FY26–28. Quick commerce business In the recent years, quick commerce operators, including Blinkit, Instamart, Zepto and Flipkart Minutes have continued to expand and have achieved massive progress. Growth of E-commerce and quick commerce in India As per a report by IANS news agency, E-commerce and quick commerce have grown 2–3 times faster in value than traditional and modern trade channels, diminishing the need for an extensive traditional trade network to enter the market. Digital payments are also gaining popularity, with 45 per cent of Internet users adopting them for transactions, said a Bain & Company report in April. (With inputs from agencies)
