Shares of Eternal Ltd, the parent company of Zomato and Blinkit, experienced a 4.2% drop on October 17, 2025, closing at ₹333.75 on the BSE. This decline followed the release of its Q2 FY26 financial results, which revealed a 63% year-on-year decrease in consolidated net profit to ₹65 crore, down from ₹176 crore in the same period last year. Despite the profit slump, the company's revenue surged by 183% to ₹13,590 crore, driven by robust growth in its quick commerce segment, Blinkit.
Key Factors Behind the Profit Decline
Several factors contributed to the decline in profitability:
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Increased Investments in Blinkit: Eternal has been aggressively expanding Blinkit, adding 272 new dark st
