New Delhi, May 12 -- Amid the ongoing earnings season, both food delivery platforms - Eternal (Zomato) and Swiggy - have reported decent financial numbers for the fourth quarter of the financial year ended March 2026.

According to market experts, Q4 FY26 shows both players scaling, but with diverging margin trajectories and business mixes.

While Eternal posted sharp revenue and profit growth led by Blinkit, Swiggy reported steady expansion in food delivery and improving economics in Instamart, even as losses in the segment remained elevated.

Zomato's profit surged 346% year-on-year (YoY) to Rs.174 crore from Rs.39 crore in the same quarter last year.

Meanwhile, Eternal posted a 196% YoY jump in Q4FY26 revenue to Rs.17,292 crore during...