Brokerages turn bullish on Zomato over improving quick commerce biz Blinkit

Despite a 90% year-on-year drop in Q1FY26 profit, Eternal Ltd (Zomato’s parent company) assuaged investor concerns with optimistic management commentary and strong growth in its quick commerce business Blinkit. Brokerages have given the stock a thumbs-up, with analysts predicting that Blinkit’s losses have peaked and margin improvements are on the horizon.

Blinkit’s revenue during the quarter surged to Rs 2,400 crore, surpassing Zomato’s food delivery revenue of Rs 2,261 crore. Overall, Eternal’s consolidated revenue grew 70% year-on-year to Rs 7,167 crore in Q1, exceeding the street estimate.