Whalesbook
Eternal Group's core growth engines, quick commerce platform Blinkit and B2B unit Hyperpure, have crossed a critical threshold, delivering their first-ever quarterly adjusted EBITDA profits in Q3 FY26. This dual profitability milestone marks a significant inflection point, showcasing substantial operational and financial advancements within the group's key ventures.
Blinkit reported an adjusted EBITDA of INR 4 crore for the quarter, a dramatic swing from the INR 156 crore loss recorded in the preceding September quarter (Q2 FY26). Simultaneously, Hyperpure achieved an adjusted EBITDA profit of INR 1 crore, recovering from a INR 5 crore loss in Q2 FY26. These results signify a pivotal shift from their prior performance metrics.
Blinkit's operating revenue surged by 24% sequentially to INR 12,256 crore in Q3 FY26, building on a staggering 776% year-over-year increase driven by its strategic shift to an inventory-led model earlier this fiscal year. This growth trajectory reflects successful execution and market penetration.
Albinder Dhindsa, CEO of Blinkit, attributed the margin improvements to several factors. He cited supply chain cost efficiencies, a beneficial shift towards long-tail categories, and the realization of operating leverage. Dhindsa noted this achievement occurred despite elevated competitive pressures in recent months, highlighting the business's resilience and maturing operational model.