Zomato, Blinkit parent Eternal reports threefold jump in operating revenue

Zomato and Blinkit parent Eternal on Thursday reported a threefold jump in operating revenue to Rs 13,590 crore for the July-September quarter, driven largely by Blinkit’s shift to an inventory-led model. However, the company’s net profit fell 63% year-on-year (YoY) to Rs 65 crore, as higher spending on Blinkit weighed on margins.