India, July 22 -- Eternal, the parent company of Blinkit and Zomato, reported a consolidated net profit of Rs.92 Cr in the first quarter of FY27, up nearly 3.7X from Rs.25 Cr in the year-ago quarter. However, profit declined 47% sequentially from Rs.174 Cr.

Operating revenue surged 182% YoY and 17% QoQ to Rs.20,211 Cr during the quarter under review. The sharp YoY jump was largely driven by Blinkit's transition to an inventory-led business model, under which the company now recognises the gross value of goods sold as revenue instead of only commissions.

Including other income of Rs.375 Cr, total income stood at Rs.20,586 Cr.

Total expenses rose to Rs.20,314 Cr during the quarter, while tax expenses came in at Rs.180 Cr.

Blinkit remain...