Eternal's Financial Performance Overview

The parent company of Zomato, Eternal, has reported a staggering 90% drop in net profit for the first quarter, plummeting to Rs 25 crore from Rs 253 crore in the same period last year. This dramatic decline is attributed to the company's increased investments in Blinkit and other emerging business segments.

Revenue Growth Amidst Profit Plunge

Despite the profit downturn, Eternal showcased a robust 70% year-on-year growth in consolidated revenue, reaching Rs 7,167 crore for the quarter. This highlights the company's aggressive expansion strategy and its focus on capturing new market segments.

Looking Ahead

As Eternal continues to invest heavily in its future growth areas, the financial outcomes reflect the costs of such ambitious expansions. The company's strategy underscores a long-term vision, prioritizing market presence over immediate profitability.