Eternal, the company formerly known as Zomato, reported a net profit of Rs 125 crore for the second quarter of financial year 2027, a near 93% increase year-on-year. This financial performance, detailed in a report by Entrackr, came with a 77% surge in revenue from operations, reaching Rs 24,138 crore compared to Rs 13,590 crore in Q2 FY26. Blinkit, its quick commerce segment, also saw its revenue almost double during the quarter.

These results follow strategic adjustments and expansions since Zomato’s transformation into Eternal. The Gurugram-based entity demonstrated profitability in its core foodtech and quick commerce operations, and began diversifying its interests beyond foundational services.

Strategic Moves Beyond Core Operations

To broaden its portfolio, Eternal will acquire an approximately 4.4% stake in the combined entity formed by the merger of Mygate and Adonmo. This stake, currently valued at Rs 156 crore, will be secured through a share swap involving Eternal’s entire holding in Adonmo, as revealed in a regulatory filing dated October 21 and first reported by Entrackr. Eternal invested Rs 112 crore in Adonmo in January 2022. This transaction fits Eternal’s strategy of investing in promising ventures and using those holdings for positioning in adjacent or complementary sectors. The move converts a direct investment into an indirect stake in a larger, merged entity. This shows a re-evaluation of its portfolio assets.

Expanding beyond traditional delivery services, Eternal has also unveiled Dark.AI, a privacy-focused AI assistant. Founder Deepinder Goyal stated, as reported by Startuptalky, that Dark.AI is designed for users seeking private conversations, sensitive research, and confidential requests. The platform aims for an international debut by the end of 2026. This initiative is Eternal’s foray into artificial intelligence. It places the company in the evolving digital assistant market, emphasizing data privacy.

Operational Foundations and Growth

The journey to these financial and strategic developments began with Zomato’s initial launch. Even before its official launch, as early as August 21, 2026, the company considered operational efficiency and sustainability, warning of a 10-30% cost hike due to the adoption of sustainable packaging. This early focus on long-term operational costs and environmental impact shows a business approach that accounts for broader market and consumer shifts.

By September 13, 2026, Zomato had implemented a direct revenue-generating operational change, charging cash-on-delivery (CoD) customers an additional amount, up to ₹21, as Inc42 reported. This decision, while seemingly minor, optimized revenue streams and improved unit economics. It contributed to the strong profit figures observed in Q2 FY27. These operational adjustments, combined with the successful scaling of its quick commerce arm, Blinkit, laid the groundwork for the significant financial uplift.

The rebrand from Zomato to Eternal reflects an evolving corporate identity. This identity now encompasses food delivery, quick commerce, strategic investments, and artificial intelligence. The growth in revenue and profit, alongside calculated moves in M&A and new product development, suggests a company that uses its market position to find new growth avenues. The increase in revenue and profit for Q2 FY27 shows these strategic shifts are yielding financial results. The company demonstrates strong profitability and a multi-faceted business approach.

Strategic Implications

Eternal’s recent financial performance, coupled with its strategic engagement in the Mygate-Adonmo merger and the launch of Dark.AI, shows a company committed to strengthening its core business and exploring new growth engines. The sustained increase in revenue and profit, particularly in the quick commerce segment, shows successful execution of its operational strategies. The company also re-evaluates and re-deploys its investment capital, as seen with the Adonmo stake. Alongside its entry into the AI sector, this shows a proactive approach to market expansion and technological diversification. This trajectory positions Eternal as a broader technology conglomerate with diversified interests. Its scope now extends beyond food and quick delivery.

What was Eternal’s revenue in Q2 FY27?

Eternal reported a revenue from operations of Rs 24,138 crore in Q2 FY27.

What profit did Eternal report in Q2 FY27?

Eternal reported a net profit of Rs 125 crore in Q2 FY27.

What stake will Eternal hold in the merged Mygate-Adonmo entity?

Eternal will acquire an approximately 4.4% stake in the merged Mygate-Adonmo entity through a share swap.

Compiled by Launch91 Desk from the sources linked above. More about Launch91.