Brands
Eternal Limited posts steady Q3 revenue and profit numbers
NEW DELHI: Eternal Limited, formerly known as Zomato, has released its financial results for the third quarter and nine months ending 31 December 2025, reporting steady growth across key segments.
For the quarter, consolidated total income reached Rs 16,663 crore, generating a profit before tax of Rs 170 crore. Net profit after tax was Rs 102 crore, while total comprehensive income, factoring in other gains and losses, stood at Rs 130 crore. Over the nine-month period, consolidated income surged to Rs 38,126 crore, with profit before tax at Rs 387 crore and net profit at Rs 192 crore. Total comprehensive income for the nine months came in at Rs 12 crore, reflecting adjustments from equity instruments, foreign exchange, and remeasurements of employee benefit plans.
On a standalone basis, Eternal reported total income of Rs 3,308 crore in Q3 and Rs 9,212 crore over nine months, with net profit aligning with consolidated results at Rs 102 crore for the quarter and Rs 192 crore for the nine months. Earnings per share for the quarter were Rs 0.11, basic and diluted, and Rs 0.21 basic and Rs 0.20 diluted for the nine-month period.
Segment-wise, India food delivery recorded Rs 2,676 crore in Q3 and Rs 7,422 crore for the nine months, while Blinkit quick commerce generated Rs 12,256 crore in the quarter and Rs 24,547 crore over nine months. Hyperpure supplies contributed Rs 1,170 crore in Q3 and Rs 4,388 crore over the nine months.
Total expenses for the quarter were Rs 16,493 crore, driven by stock purchases of Rs 10,076 crore, delivery and logistics costs of Rs 2,376 crore, employee benefits of Rs 914 crore, advertising and promotions of Rs 937 crore, and depreciation and amortisation of Rs 439 crore. Over nine months, expenses amounted to Rs 37,739 crore against total income of Rs 38,126 crore.
The results indicate a steady performance across Eternal’s core business lines, particularly in food delivery and quick commerce, even as the company navigates regulatory challenges and integrates acquisitions into its operations.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
