Zomato Ltd

Eternal Limited (formerly Zomato Limited) has filed its monitoring agency report for the quarter ended June 30, 2026. The report, issued by ICRA Limited, confirms that the utilization of proceeds from its Qualified Institutions Placement (QIP) is in line with the objects of the issue. The QIP, which raised ₹8,500 Crore, involved the issuance of 33,64,73,755 equity shares at ₹252.62 per share. Net proceeds monitored by ICRA amount to ₹8,436.12 Crore. The company stated there was no deviation from the issue's objectives, and shareholder approval was not required for material deviations.

Eternal Limited (formerly Zomato Limited) announced a business transfer agreement with its wholly-owned subsidiary, Carthero Technologies Private Limited (CTPL). The company will transfer its 'Nugget by Zomato' business to CTPL for a cash consideration of ₹35 crore. This move is part of an internal restructuring to streamline the corporate structure. The Nugget Business contributed ₹7.20 crore (0.07%) to standalone revenue and had a net worth of ₹10.54 crore (0.03%) as of March 31, 2026. The transaction is considered a related party transaction but is at arm's length. CTPL will operate as a B2B AI-driven support platform. The board also approved unaudited financial results for Q1 FY27 and announced the 16th AGM on August 26, 2026.

Eternal Limited announced its unaudited financial results for the quarter ended June 30, 2026, on a standalone and consolidated basis. The board also approved the notice for the 16th Annual General Meeting scheduled for August 26, 2026. Additionally, the company approved a business transfer agreement to sell its 'Nugget by Zomato' business to its wholly-owned subsidiary, Carthero Technologies Private Limited (CTPL), for a cash consideration of ₹35 crore as part of an internal restructuring. The transaction is considered a related party transaction and is at arm's length.

Eternal Limited (formerly Zomato Limited) has released its Q1FY27 results, showcasing significant year-on-year growth. Adjusted Revenue surged by 173% to ₹20,648 crore, driven primarily by a shift to a 1P model in quick commerce. Consolidated Adjusted EBITDA also saw a substantial increase of 223% YoY to ₹555 crore. Key business segments performed strongly: Food delivery (Zomato) achieved over 20% YoY NOV growth with improved EBITDA margins, Quick commerce (Blinkit) grew 86% YoY in NOV and turned profitable, Going-out (District) accelerated NOV growth, and Hyperpure reported revenue growth and improved EBITDA margins. The company's B2C NOV grew 54% YoY to ₹31,120 crore.

Eternal (formerly Zomato) posted consolidated Q1 FY27 revenue of ₹20,211 Cr, up 182% YoY (₹7,167 Cr) and 17% QoQ, with PAT of ₹92 Cr versus ₹25 Cr a year ago. The headline growth flatters, however: the near-tripling of the top line is largely a gross-up as Blinkit's quick-commerce arm moved from a marketplace-commission model to an inventory-led one — QC revenue jumped to ₹15,664 Cr from ₹2,400 Cr YoY and is now the group's dominant revenue line. On the bottom line, the ₹92 Cr print undershot the street, which (per Business Standard/JM Financial previews) had modelled 11-15x YoY PAT growth — roughly ₹275-375 Cr — on Blinkit's momentum. That is a clear miss on the reported number. The miss, though, is almost entirely a tax artifact rather than operating deterioration. Profit before tax actually rose to ₹272 Cr, up 209% YoY and 19% sequentially; the fall from ₹174 Cr PAT in Q4 came from the effective tax rate spiking to ~66% (₹180 Cr) from ~24% a quarter earlier. Net margin thinned to 0.45% from 0.99% in Q4, though it sits above the year-ago 0.33%. The genuine operating story is Blinkit turning profitable at segment level — a ₹365 Cr result against a ₹42 Cr loss a year ago and ₹265 Cr in Q4 — alongside a steady India food-ordering business (segment result ₹621 Cr, +33% YoY). Going Out remained a drag at −₹61 Cr. The quarter tracks management's Q4 concall framing: 60%+ NOV CAGR in quick commerce over three years, 3,000 dark stores by March, $1bn consolidated adjusted EBITDA by FY29, and an explicit preference for absolute profit growth over margin percentage while reinvesting — so the thin net margin amid expanding QC scale is consistent with that posture, not a contradiction of it. Alongside results, the board approved a ₹35 Cr slump-sale of the small 'Nugget by Zomato' B2B AI-support business (FY26 revenue just ₹7.2 Cr) to wholly-owned subsidiary CTPL, an internal restructuring rather than a material event. The GST overhang persists: demand orders and SCNs totalling ₹447 Cr on GST on delivery charges are being contested, flagged by Deloitte as an emphasis-of-matter. No management press release was captured in our records for this filing, so this read rests on the filed statements and the prior concall guidance. The standalone entity — housing the food-ordering business plus investment income — reported PAT of ₹585 Cr on ₹3,349 Cr revenue (EPS ₹0.64), buoyed by ₹602 Cr of other income; that figure tells a materially different story from the ₹92 Cr consolidated PAT and should not be read as the group's result.

Eternal Ltd has announced that its Board of Directors will convene on July 22, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The results will be presented on both standalone and consolidated bases. Following the board meeting, the company will host an earnings conference call on the same day at 5:00 PM IST to discuss these financial results. Participants are required to pre-register for the call. The company will also make the transcript and audio recording available on its investor relations website.

Eternal Limited announced the closure of its trading window for Designated Persons and their immediate relatives from June 20, 2026. This closure is in anticipation of the declaration of the un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. The window will reopen 48 hours after the results are declared. Additionally, the functionality to restrict trading by freezing PAN for Designated Persons and their immediate relatives will be effective from July 1, 2026, in accordance with SEBI circulars.

Eternal Ltd has received an adjudication order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh, for the period April 2023 to March 2024. The order confirms a Goods and Services Tax (GST) demand of INR 6,48,72,000, along with interest of INR 2,49,53,504 and a penalty of INR 64,87,200. The company believes it has a strong case on merits and intends to file an appeal against this order before the appropriate authority. Eternal Ltd stated that it does not expect any significant financial impact from this order.

Eternal Limited has filed its monitoring agency report for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by ICRA Limited, confirms that there was no deviation from the stated objects of the issue, indicating that the funds were utilized as planned. The QIP, conducted from November 25-28, 2024, involved 33.65 crore equity shares at ₹252.62 each, aggregating to ₹8,500 crore, with net proceeds of ₹8,436.12 crore.

Eternal Ltd. has announced the approval of its standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The statutory auditor, M/s Deloitte Haskins & Sells, issued an unmodified opinion on these results. Additionally, the Board approved an asset transfer agreement with Wasteland Entertainment Private Limited (WEPL), a wholly-owned subsidiary. Under this agreement, Eternal will transfer the technology stack of its District platform and identified employees to WEPL for ₹24,19,13,925. This strategic move aims to enhance organizational efficiency and unlock new business opportunities. The transaction is classified as a related party transaction but was conducted at arm's length and is expected to be completed by May 1, 2026.