Overview
- Consolidated revenue rose to Rs 13,590 crore, far above consensus near Rs 8,665 crore, following Blinkit’s move to an inventory‑owned model that lifts reported sales.
- Net profit came in at Rs 65 crore, down about 63% year on year, even as adjusted EBITDA reached a record 5.3% of NOV (over Rs 500 crore) and total expenses jumped 2.8x to Rs 13,813 crore.
- Blinkit delivered Rs 9,891 crore in revenue with NOV up 137% year on year; adjusted EBITDA margin improved to -1.3% as quarterly losses narrowed to Rs 156 crore.
- Eternal added 272 net Blinkit stores to about 1,816 in Q2 and now targets 2,100 by December 2025 and 3,000 by March 2027.
- Shares swung from record highs to declines after results, while brokerages largely backed the long‑term quick‑commerce opportunity and cautioned on near‑term margin pressure and valuation.