Company Overview – Eternal Limited (formerly Zomato Limited)
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Incorporated: 2010
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Registered Office: New Delhi, India
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CIN: L93030DL2010PLC198141
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Website: www.eternal.com
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Business Segments: Food Delivery, Quick Commerce (Blinkit), Hyperpure B2B Supply, Going-Out (dining/events)
📊 Key Market Data
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BSE Code: 543320
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NSE Symbol: ETERNAL
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ISIN: INE758T01015
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Q4FY25 Adjusted Revenue: ₹6,188 crore (+60% YoY)
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Q4FY25 Adjusted EBITDA: ₹165 crore (↓15% YoY)
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NOV (Net Order Value): ₹17,440 crore in Q4FY25 (+53% YoY, +5% QoQ)
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Hyperpure Revenue: ₹1,840 crore in Q4FY25 (+93% YoY)
📝 Detailed Report:
Eternal Limited, formerly known as Zomato Limited, announced its Q4FY25 results showing a 53% year-on-year increase in Net Order Value (NOV), reaching ₹17,440 crore across its B2C platforms including food delivery, quick commerce (Blinkit), and going-out businesses. NOV, a new metric introduced to provide a clearer representation of customer spend post-discounts, is aimed at offering better visibility in the Indian market where MRP-based pricing distorts GOV figures.
The quick commerce vertical saw aggressive expansion with 294 new stores opened during the quarter, bringing the total to 1,301. However, this also contributed to an increase in Adjusted EBITDA losses from ₹103 crore to ₹178 crore QoQ. The food delivery segment witnessed subdued growth due to macro headwinds, a temporary delivery partner shortage, and direct competition from instant grocery services. On a positive note, the food delivery business improved margins, with Adjusted EBITDA rising to 5.2% of NOV, up from 3.8% a year ago.
Hyperpure, Eternal’s B2B arm, continued strong momentum with 93% YoY revenue growth and emerging near break-even profitability. The company also completed the acquisition of Paytm’s ticketing and events subsidiaries, boosting the going-out segment. Eternal reiterated its long-term focus on market leadership and operational efficiency over short-term profitability, signaling continued investments in store expansion and customer acquisition.
🔍 Key Points:
🔸 NOV Grows 53% YoY: Net Order Value for Q4FY25 hit ₹17,440 Cr
🔹 Quick Commerce Store Count: Reached 1,301 after 294 net additions
🔸 Adjusted Revenue: ₹6,188 Cr (+60% YoY)
🔹 Adjusted EBITDA: ₹165 Cr (↓15% YoY due to expansion costs)
🔸 Food Delivery Margin: Improved to 5.2% of NOV
🔹 Hyperpure Revenue: ₹1,840 Cr (↑93% YoY)
🔸 Customer Growth: Monthly transacting users rose to 13.7 million
🔹 IOCC Certification: Now eligible for inventory-led model (1P or hybrid)
🔸 Private Labels: No current plans despite inventory capabilities
🔹 Shut Down Initiatives: Zomato Quick & Everyday due to ROI concerns
📈 Effect on Share Market
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Likely short-term neutral to mildly negative impact due to declining profitability and rising expansion costs.
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However, long-term investor sentiment remains optimistic owing to market leadership, growth in NOV, and margin improvements in mature segments.
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Stock may show volatility as market digests the aggressive expansion narrative and eventual path to profitability.
💼 How It Helps Retail Traders
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Offers clarity in new performance metrics like NOV, which reflect true consumer spending.
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Reveals company strategy shift—retail traders can anticipate further investments and not expect near-term profit spikes.
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Encourages focus on customer acquisition growth and segment-specific margin evolution—key for swing and long-term plays.
💬 Phrase
“What’s your take on Eternal’s bold moves in quick commerce—risky bet or strategic masterstroke?
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
