Blinkit Vs Zomato: Which Segment Led Eternal's Revenue In Q1 FY26? Here's What Order Book Reveals

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Quick commerce platform Blinkit has overtaken Eternal's food delivery business (formerly Zomato) in both gross and net order value for the first time in the April- June quarter of fiscal 2025-26 (Q1 FY26). Blinkit, owned by Deepinder Goyal-led food delivery and quick commerce major, is bigger than Zomato in terms of revenue and order value in the June quarter.According to the quarterly results announced by Eternal earlier today, Blinkit’s gross order value (GOV) — the total amount customers spent on the platform before discounts — rose to Rs 11,821 crore, surpassing the Rs 10,769 crore generated by the food delivery business. Vertical Vs Vertical: Eternal's New Blinkit Model To Eat Into Its Hyperpure BusinessBlinkit Beats Zomato In Q1FY26Blinkit's net order value (NOV) — the internal metric representing post-discount take — soared 127% year-on-year to Rs 9,230 crore in the first quarter of current fiscal, beating Eternal's food delivery’s Rs 8,967 crore.Additionally, Blinkit's revenue for the quarter rose to Rs 2,400 crore, surpassing Zomato’s food delivery revenue of Rs 2,261 crore. Eternal added 243 new dark stores in the quarter, taking the Blinkit total to 1,544 — the largest network for the quick commerce space in the country.Eternal's food delivery segment's net profit rose 6% sequentially to Rs 465 crore, while the quick commerce segment reported a net loss of Rs 42 crore from Rs 82 crore in the previous quarter. In terms of revenue, the food delivery segment reported a rise of 10% sequentially, while the quick commerce reported a growth of 40% compared to the previous quarter.Zomato Parent Eternal Stock Rises Over 7% After Q1 Revenue, Ebitda SurgeHow Does Blinkit Sustain Its Market Share? CEO Reveals...In a letter to shareholders, Blinkit chief executive officer (CEO) Albinder Dhindsa said that from the company's standpoint, they are "keeping things simple and making sure that they are investing in delivering on their promise to customers". Explaining Blinkit's dominant market share in the India's quick commerce space, Dhindsa revealed that it involves ''solving two large problems.""Doing that involves solving for two large problem statements in parallel - a) building a retail business, with a leading edge just-in-time supply chain, and b) an internet and logistics business (like food delivery)," he said.According to the CEO, both these problems are extremely hard on their own, and solving these two problems synchronously with each other makes quick commerce multiple times more complex than traditional retail, or food delivery."We feel that in our business, the customer is extremely value conscious, but not price conscious. And we try our hardest to deliver the best value to the customer – which is a function of speed, assortment, customer support, and price – in that order," said CEO Dhindsa.Adding to Blinkit's success, Eternal CEO Deepinder Goyal said, "Maybe the difference between us and other companies comes from the “dissatisfied” culture in the team. Our teams rarely celebrate wins, keep a low profile, and believe in the 1% done philosophy. We want to keep our heads down, and keep up the momentum in solving problems for our customers, without having or needing to look back to see how far we have come."Zomato Q1 Preview: Strong Growth Visibility, But Focus On Quick Commerce Margins. Read more on Latest Business News by NDTV Profit.