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On a quarter-on-quarter (QoQ) basis, consolidated net profit declined 47.12%, while revenue from operations increased 16.88%.
Profit before tax (PBT) soared 209.09% YoY to Rs 272 crore during the quarter.
The company's Food Delivery business reported a 33.1% YoY increase in revenue to Rs 3,537 crore, while net order value (NOV) grew 20.1% to Rs 10,769 crore. Adjusted EBITDA margin (as a % of NOV) improved to 5.5% during the quarter, with the business delivering an absolute adjusted EBITDA of Rs 606 crore, a YoY growth of 155%. Average monthly transacting customers increased 18.77% to 27.2 million in Q1 FY27 compared with 22.9 million in Q1 FY26.
The Quick Commerce (Blinkit) business continued to deliver robust growth, with revenue surging 552.7% year-on-year to Rs 15,664 crore. NOV increased 86.2% to Rs 17,132 crore, while the segment reported a positive adjusted EBITDA of Rs 102 crore, compared with a loss of Rs 162 crore in Q1 FY26. Net average order value (NAOV) stood at Rs 518 in Q1 FY27, down 0.57% compared with Rs 521 in Q1 FY26. The company added 200 net new stores during the quarter, taking the total store count to 2,443 as of quarter ended 30th June 2026.
Revenue from the Going-Out business increased 53.6% year-on-year to Rs 318 crore, while NOV rose 59.8% to Rs 3,218 crore. The segment reported an adjusted EBITDA loss of Rs 65 crore, compared with a loss of Rs 54 crore in the corresponding quarter last year.
Revenue from the Hyperpure segment declined 54.9% YoY to Rs 1,034 crore. However, the business turned adjusted EBITDA positive at Rs 6 crore, compared with a loss of Rs 18 crore a year ago.
The company's Others segment, comprising Bistro and Nugget, reported adjusted revenue of Rs 95 crore, up from Rs 4 crore in the year-ago period. Adjusted EBITDA loss widened to Rs 94 crore from Rs 45 crore, reflecting higher investments to scale both businesses.
Meanwhile, the board approved the transfer of the 'Nugget by Zomato' business to its wholly owned subsidiary, Carthero Technologies (CTPL), through a business transfer agreement as part of an internal restructuring exercise. The Nugget business will be transferred on a slump sale basis for a cash consideration of Rs 35 crore, subject to agreed adjustments. The transaction, which is a related-party transaction conducted at arm's length, is expected to be completed within 30 days of the execution of the agreement.
Eternal, an Indian multinational technology company is the parent company of Zomato, Blinkit, District and Hyperpure.
The company's Food Delivery business reported a 33.1% YoY increase in revenue to Rs 3,537 crore, while net order value (NOV) grew 20.1% to Rs 10,769 crore. Adjusted EBITDA margin (as a % of NOV) improved to 5.6% during the quarter, with the business delivering an absolute adjusted EBITDA of Rs 606 crore, a YoY growth of 155%. Average monthly transacting customers increased 18.77% to 27.2 million in Q1 FY27 compared with 22.9 million in Q1 FY26.
The Quick Commerce (Blinkit) business continued to deliver robust growth, with revenue surging 552.7% year-on-year to Rs 15,664 crore. NOV increased 86.2% to Rs 17,132 crore, while the segment reported a positive adjusted EBITDA of Rs 102 crore, compared with a loss of Rs 162 crore in Q1 FY26. Net average order value (NAOV) stood at Rs 518 in Q1 FY27, down 0.57% compared with Rs 521 in Q1 FY26. The company added 200 net new stores during the quarter, taking the total store count to 2,443 as of the quarter ending 30th June 2026.
The counter slipped 1.15% to end at Rs 283.40 on the BSE.
Going forward, market participants will closely monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.
PSU Bank, Oil & Gas and consumer durables shares advanced while metal, IT and FMCG shares declined.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 114.37 points or 0.15% to 77,170.20. The Nifty 50 index added 17.55 points or 0.07% to 24,069.15.
In the broader market, the BSE 150 MidCap Index jumped 0.46% and the BSE 250 SmallCap Index climbed 0.59%.
The market breadth was strong. On the BSE, 2,213 shares rose and 1,860 shares fell. A total of 210 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.20% to 13.45.
In the commodities market, Brent crude for September 2026 settlement added $1.15 or 1.36% to $85.88 a barrel.
Gainers & Losers:
Eternal (up 2.85%), Ultratech Cement (up 2%), Shriram Finance (up 1.86%), Eicher Motors (up 1.49%) and HDFC Life Insurance (up 1.30%) were the major Nifty50 gainers.
Power Grid Corporation of India (down 2.34%), Hindalco Industries (down 1.73%), Tata Consumer Products (down 1.48%), JSW Steel (down 1.38%) and Dr Reddy’s Laboratories (down 1.36%) were the major Nifty50 losers.
Stocks in Spotlight:
L&T Technology Services (LTTS) jumped 6.63% after the engineering and technology services company reported a healthy increase in profit and revenue for the quarter ended 30 June 2026 (Q1 FY27). On a consolidated basis, net income from continuing operations increased 17.4% YoY and 1.5% QoQ to Rs 351.8 crore in Q1 FY27. Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter.
Fedbank Financial Services surged 4.10% after the non-banking financial company (NBFC) reported a strong financial performance for the quarter ended 30 June 2026. The company's standalone net profit rose 52.49% to Rs 114.38 crore in Q1 FY27 from Rs 75.01 crore in the corresponding quarter last year. Revenue from operations increased 29.68% YoY to Rs 669.93 crore in Q1 FY27.
Aditya Birla Money declined 8.37% after the company reported a 27.7% year-on-year (YoY) decline in consolidated net profit to Rs 11.12 crore despite a 16% increase in revenue from operations to Rs 130.77 crore in Q1 FY27 over Q1 FY26.
Tata Elxsi declined 5.68%. The company has reported 18.2% rise in net profit to Rs 170.6 crore on a 14.5% increase in revenue from operations to Rs 1,021.1 crore in Q1 FY27 as compared with Q1 FY26.
Benares Hotels fell 1.43%. The company reported an 8.7% year-on-year (YoY) increase in standalone net profit to Rs 8.24 crore in the first quarter of FY27, compared with Rs 7.58 crore in Q1 FY26. Income from operations increased 35.5% YoY to Rs 33.88 crore in Q1 FY27 from Rs 25.01 crore in the corresponding quarter last year.
Den Networks declined 4.46% after the company reported a 35.52% decline in consolidated net profit to Rs 34.59 crore in Q1 FY27 as against Rs 53.64 crore posted in Q1 FY26. Revenue from operations rose 0.62% year on year to Rs 242.77 crore in the quarter ended 30 June 2026.
Anand Rathi Share and Stock Brokers dropped 3.25%. The broker’s consolidated net profit rose 2.36% to Rs 23.35 crore on 22.37% increase in total revenue from operations to Rs 246.10 crore in Q1 FY27 over Q1 FY26.
Global Markets:
European market declined as ongoing U.S. strikes on Iran continued to weigh on investor sentiment.
Most Asian markets advanced on Wednesday after a surprise slowdown in U.S. inflation scaled back market expectations for interest rate hikes, while oil took a breather as the U.S. scrapped a plan to levy shipping through the Strait of Hormuz.
U.S. President Donald Trump reimposed a naval blockade of Iranian ports on Tuesday and threatened to attack power plants and bridges next week unless Iran resumes negotiations to end their conflict, though he scrapped a plan for a 20% fee on shipping through Hormuz.
Meanwhile, China’s economy in the second quarter expanded at its weakest pace since the fourth quarter of 2022. These figures reinforce calls for policy stimulus as an accelerating slide in investments deepened the strain on growth, while consumption stayed subdued.
Gross domestic product growth came in at 4.3% in the April to June period, data from the National Statistics Bureau showed Wednesday, missing widely reported forecast for 4.5% growth, and slowing from 5% in the first quarter.
That second-quarter growth came below Beijing’s full-year growth target range of 4.5% to 5%, the least ambitious goal in decades, amid tensions with trade partners, including the U.S. and the European Union, and sluggish domestic demand.
The S&P 500 and the Nasdaq advanced on Tuesday as solid big bank results and a cooler-than-expected inflation report boosted risk appetite amid rising Middle East tensions.
The U.S. headline consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic, while annualised core inflation of 2.6% compared with widely reported expectations for 2.8%.
The Labor Department's Consumer Price Index showed inflation cooled more than analysts expected in June, largely due to abating energy price pressures amid last month's signs of progress in U.S.-Iran peace negotiations.
In the cash market, the Nifty 50 index jumped 181.95 points or 0.76% to 24,177.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 3.37% to 17.44.
Eternal, Reliance Industries and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2026 F&O contracts will expire on 26 May 2026.
In the cash market, the Nifty 50 index slipped 97 points or 0.40% to 23,995.70.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 1.79% to 18.05.
Reliance Industries, Eternal and Infosys (Infy) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
For the full year,net profit declined 30.55% to Rs 366.00 crore in the year ended March 2026 as against Rs 527.00 crore during the previous year ended March 2025. Sales rose 168.56% to Rs 54364.00 crore in the year ended March 2026 as against Rs 20243.00 crore during the previous year ended March 2025.