Eternal Ltd Set to Announce Q4 FY26 and FY26 Financials

The board of Eternal Limited, formerly known as Zomato Limited, will meet on Tuesday, April 28, 2026, to approve financial results for the quarter and fiscal year ending March 31, 2026. Following the announcement, an investor conference call is scheduled for 5:00 PM IST on the same day to discuss the company's performance.

Investor Focus Areas

Investors are closely watching this announcement for insights into Eternal Limited's growth trajectory and, crucially, the profitability of its quick commerce segment, Blinkit, for the fourth quarter of fiscal year 2026. The financial indicators revealed will be key to understanding the company's operational efficiency and market position.

Company Background & Recent Performance

Eternal Limited, which transitioned from its widely recognized Zomato brand, has undergone significant evolution since its founding in 2008. The company made its public debut with a substantial IPO in July 2021. A key strategic move was the expansion into quick commerce through the acquisition of Blinkit in 2022, broadening its business beyond its core food delivery services. In the preceding quarter, Q3 FY26 (ended December 31, 2025), Zomato reported a consolidated net profit of ₹102 crore, representing a 73% year-over-year increase. Consolidated revenue also saw a substantial jump, rising 202% to ₹16,315 crore. Notably, Blinkit achieved adjusted EBITDA profitability during that period.

What to Expect from Results & Call

The upcoming financial reports will present shareholders with the definitive figures for both Q4 FY26 and the entire FY26, offering a clear picture of the company's financial health. Management's commentary during the conference call is expected to detail forward-looking guidance and strategic priorities, which could significantly influence investor sentiment. The results are also anticipated to shed light on the performance trends of core segments like food delivery and quick commerce, and their respective contributions to overall profitability.

Regulatory & Operational Risks

The company has previously encountered regulatory scrutiny. These include past tax demands and penalties, such as a service tax order amounting to over ₹184 crore and GST demands exceeding ₹40 crore, against which Eternal Limited plans to file appeals. Additionally, the Competition Commission of India (CCI) has initiated investigations into Zomato and its rival Swiggy concerning alleged anti-competitive practices, particularly regarding exclusivity and price parity clauses. While reports of internal challenges, employee dissatisfaction, and governance concerns have surfaced periodically, the company has generally refuted these claims.

Competitive Landscape

In the Indian food delivery market, Zomato's primary competitor is Swiggy, with both companies holding substantial market shares. The quick commerce sector, which is experiencing rapid growth, sees Eternal Limited's Blinkit engaging in strong competition with players like Zepto and Swiggy Instamart.

Key Financial Metrics & Estimates

For Q3 FY26, Zomato reported consolidated revenue of ₹16,315 crore and a consolidated profit after tax (PAT) of ₹102 crore. Current analyst consensus estimates for Q4 FY26 project consolidated revenue to fall between ₹4,800–5,200 crore, with PAT estimates ranging from ₹150–220 crore.

Looking Ahead: Key Investor Watchpoints

Investors will be closely monitoring the actual Q4 FY26 revenue and profit figures, comparing them against current analyst expectations. The ongoing performance and profitability of Blinkit, Zomato's quick commerce division, will remain a critical area of focus. Furthermore, management's guidance for the upcoming fiscal year, FY27, will be essential for understanding the company's strategic direction and anticipated growth. Any shifts in market share trends within both the food delivery and quick commerce segments will also be keenly observed. Discussions on operational efficiencies and cost management strategies are also expected to be significant.