Eternal, Zomato’s parent firm, reported a 90% YoY drop in Q1 profit to Rs 25 crore despite a 70% revenue surge to Rs 7,167 crore, driven by quick commerce and food delivery. Brokerages remain bullish, citing Blinkit’s growth and improving margins as key positives.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets