Eternal Q1 profit falls 90% despite a 70% jump in revenue

A change in Blinkit’s business model boosts revenue while core food delivery margins retreat, wiping out operating profits.

21 July, 20255 min
0
Eternal Q1 profit falls 90% despite a 70% jump in revenue

You may also like

Internet
Story image

Preparing for 2026

Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.

Internet
Story image

Pot calling the kettle black: Albinder’s quick-commerce paradox

The Blinkit CEO calling out irrationality while fuelling it is yet another example of a quick-commerce player hoping to outlast rivals in a classic game of one-upmanship.

Internet
Story image

What about Lightspeed?

One of the few remaining foreign venture capital funds in India, Lightspeed has had a rather quiet year—especially when compared to some of its peers. The 2026 IPO pipeline may be the reset it needs.