New Delhi, Nov. 2 -- The dine-out economy is regaining momentum, with food-tech giants Swiggy and Eternal (Zomato) taking divergent paths to capitalize on the trend: Swiggy is chasing profitability, Eternal is building scale through a broader business mix.

Swiggy's latest numbers show its dine-out arm has turned profitable for the first time. The company reported a Gross Order Value (GOV) of Rs.1,118 crore for its dine-out arm in Q2 FY26, a 52% year-on-year (y-o-y) increase from Rs.734 crore in the same quarter last year. Its adjusted Ebitda margin of +0.5% marks a small but symbolic operating profit of Rs.6 crore, turning the corner after several loss-making quarters.

Eternal (Zomato), meanwhile, reports a Net Order Value (NOV) for its...