Zomato reported operating profit of Rs 239 crore and operating profit margins of 1.8 per cent, down 295 basis points Y-o-Y, due to higher operating costs on account of rapid store expansion
Eternal stock is seen testing the 20-DMA support following the 9% fall in the last two trading sessions. Chart suggests the stock, which has gained 82% so far in FY26 can rally another 14% from here.
Nomura has reiterated a 'Buy' call on Eternal with a target price of ₹370 per share, as it sees an advantage for the company over peers in the quick commerce business
Zomato's parent Eternal reports a 63% YoY fall in Q2FY26 profit to Rs 65 crore, while revenue more than doubles to Rs 13,590 crore on robust Blinkit and food delivery growth
Eternal, the parent company of Zomato and Blinkit, reported a consolidated net profit of ₹65 crore for Q2 FY26, marking a 63% YoY decline from ₹176 crore in the same quarter last year.
Eternal shared the development while announcing the results for the second quarter of FY26 (2025-26)
The revenue from the company's quick commerce segment increased over seven-fold to ₹9,891 crore in the Q2 FY26, it was in ₹1,156 crore in the same quarter in the previous financial year
In the past one month, the stock price of the parent company of Zomato and Blinkit has outperformed the market by surging 9 per cent
Eternal Q1 results preview: Brokerages tracked by Business Standard estimate Eternal's net profit to decline around 61 per cent year-on-year (Y-o-Y) on average, to ₹69.05 cr as compared to ₹176 cr
State-owned ONGC, valued at around Rs 3.10 lakh crore, now trails food delivery firm Zomato despite its stakes in subsidiaries and minority investments accounting for over a third of its market capitalisation, indicating India's largest oil and gas producer is potentially undervalued. At the close of trading on Friday, Oil and Natural Gas Corporation (ONGC) had a market value of Rs 3.097 lakh crore, lower than Rs 3.36 lakh crore of Eternal Ltd (formerly known as Zomato), Hindustan Aeronautics Ltd (Rs 3.23 lakh crore) and Titan Company (Rs 3.13 lakh crore), according to BSE data. ONGC was India's most valuable company with a market capitalisation of Rs 2.44 lakh crore in 2012, ahead of IT giant TCS and energy major Reliance Industries. While ONGC's market capitalisation rose by just 26 per cent over the past 13 years, other listed firms have seen quantum jumps. Reliance has seen its valuation soar from Rs 2.43 lakh crore in July 2012 to Rs 18.7 lakh crore at Friday's close. Tata ...
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Zomato and HDFC Pension have collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits. The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1. "More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable over 1 lakh delivery partners with their NPS retirement accounts within 2025," Zomato said in a statement. Zomato operates on a gig-first model, supporting an average of 5,09,000 independent monthly active delivery partners as of Q1 FY26. According to a NITI Aayog report, the number of platform workers in India is estimated to grow to 23.5 million by FY 2029-30. Currently, there exists a gap in terms of awareness a
As food delivery evolves, Zomato's Healthy Mode marks a turn towards calorie-conscious dining with transparency and health filters, highlighting a larger shift in the industry
World Heart Day 2025: The ease of ordering burgers, pizzas, and fried snacks at a tap comes with a price; doctors say app culture is silently shaping India's rising heart health crisis
Healthy Mode, featuring an AI-powered Healthy Score, seeks to help users make better food choices, focusing on nutrition
Zomato's new Healthy Mode feature assigns scores to meals based on nutrition, using AI and restaurant data to help users pick healthier options across categories
Analysts believe that even though Swiggy has outperformed Zomato on both monthly transaction users (MTU) and gross order value (GOV) growth in the past one year, Zomato's margin is still significantly
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The partnership connects Air India's Maharaja Club loyalty programme with Zomato's food delivery system, giving users a way to earn travel rewards on food delivery transactions above ₹499 on Zomato
Allen has named ex-Zomato chief Rakesh Ranjan as CEO of Allen Online to scale AI-powered learning, succeeding Abha Maheshwari, who stepped down after two years in the role