Eternal (ETERNAL) Company presentation summary

Business scale and financial position

• B2C platforms serve ~12 crore annual transacting customers spending over INR 1 lakh crore annually; FY26 B2C NOV exceeded US$10 billion, with a target to double to US$20 billion by FY28.

• Q1FY27 segment mix: food delivery 33% of NOV at INR 10,769 crore; Blinkit 53% at INR 17,132 crore; District 10% at INR 3,218 crore; Hyperpure revenue INR 1,034 crore.

• Q1FY27 adjusted revenue was INR 20,648 crore, up 159% YoY and 61% LFL; adjusted EBITDA was INR 555 crore and PAT INR 92 crore.

• Closing cash was INR 18,288 crore at Q1FY27; consolidated adjusted EBITDA target is US$1 billion by FY29, with steady-state ROCE expected above 40%.

Food delivery

• Q1FY27 monthly transacting customers reached 27.2 million; average monthly restaurant partners were 328,000 and delivery partners 638,000.

• NOV grew 20%+ YoY in Q1FY27 after four consecutive quarters of acceleration; management expects 20%+ YoY long-run growth.

• Adjusted EBITDA margin has remained in a 5–6% steady-state range since Q3FY25; annualized Q1FY27 adjusted EBITDA exceeded INR 2,400 crore.

Quick commerce

• Blinkit NOV grew 117% YoY to INR 17,132 crore in Q1FY27; monthly transacting customers rose 87% YoY to 31.8 million.

• 2,443 stores were live as of June 2026, including 899 net additions YoY; target is ~3,000 stores by March 2027.

• The business reached break-even in Q3FY26 and has been profitable since; Q1FY27 adjusted EBITDA was 0.6% of NOV, with a 5–6% steady-state margin expectation.

• Growth plans emphasize assortment and geographic expansion and demand densification, alongside service-quality and reliability improvements; expected NOV CAGR is 60%+ over three years.