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LimitedMain BoardEquity2025-04-012026-03-312026-01-212026-01-15INRCroresQuarterlyThird quarterMulti segment2026-01-2114:00:002026-01-2115:35:00Not applicable2025-10-012025-12-31UnauditedConsolidated1631500000003480000000166630000000150000000100760000000-290000000091400000001070000000439000000052320000000164930000000170000000001700000000840000000-1600000006800000000102000000000001020000000-2320000000-130000000010200000000-13000000000911000000010.110.11000.110.11The statement of consolidated unaudited financial results of Eternal Limited (Formerly known as Zomato Limited) (“the Company”/“the Parent”) and its subsidiaries (together referred to as “the Group”) for the quarter and nine months ended December 31, 2025 (“Financial Results”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 21, 2026. <BR> <BR> The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations"). <BR> During the previous year ended March 31, 2025, the Company had allotted 33,64,73,755 Equity Shares of face value INR 1 each to eligible Qualified Institutional Buyers (QIB) at an issue price of INR 252.62 per Equity Share (including a premium of INR 251.62 per Equity Share) aggregating to INR 8,500 crores, pursuant to Qualified Institutional Placement (QIP) in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations (the “SEBI ICDR Regulations”). <BR> During the previous year ended March 31, 2025, the Company allotted 47,75,34,845 equity shares having a face value of INR 1/- each to ‘Foodie Bay Employees ESOP Trust’(“Trust”), for further issuance under various Employee Stock Option Plans. <BR> The Company is in receipt of a Show Cause Notice (“SCN”) and Demand Orders (“Orders”) from various GST authorities requiring the Company to pay GST on the delivery charges collected by the Company from the end users on behalf of the delivery partners. The Orders are for October 2019 to March 2022 for all the States amounting to INR 420 crores and for April 2022 to March 2023 for Andhra Pradesh amounting to INR 8 crores and the SCN is for April 2022 to March 2023 for Gujarat amounting to INR 13 crores, with applicable interest and penalties. The Company is contesting the Orders/ SCN at applicable forums. The Company, supported by the external independent expert’s advice, is of the view that it has a strong case on merits. There are no SCNs or Orders on this matter for periods other than those mentioned here. <BR> On August 27, 2024, Eternal Limited (Formerly known as Zomato Limited) completed the acquisition of Orbgen Technologies Private Limited (“OTPL”), and Wasteland Entertainment Private Limited (“WEPL”), holding the ‘Movies Ticketing’ business and ‘Events’ business respectively, from One 97 Communications Limited (“OCL”/”Seller”). These acquisitions were executed through a combination of secondary share purchases from OCL amounting to INR 758 crores (for both the entities) and primary infusion into the OTPL and WEPL amounting to INR 1,260 crores. This amount was subject to adjustments as agreed in definitive agreements. Post adjustment, the total purchase consideration amounts to INR 2,014 crores. The entity wise break up of the same is as follows: <BR> <BR> A) The total consideration for 100% of paid-up equity share capital of OTPL amounts to INR 1,236 crores. <BR> <BR> The purchase price allocation (PPA) and fair values are as follows:" <BR> Particulars INR crores <BR> Purchase Consideration 1,236 <BR> Add/(Less): Fair Value of Assets and Liabilities acquired <BR> Merchant Relationships (168) <BR> Technology (48) <BR> Active users (39) <BR> Non-compete (28) <BR> Brand (1) <BR> Other Identified assets (net of liabilities) (443) <BR> Add: Deferred Tax Liability on intangible assets recognised in consolidated financial statements 5 <BR> Goodwill 514 <BR> B) The total consideration for 100% of paid-up equity share capital of WEPL amounts to INR 778 crores. <BR> <BR> The purchase price allocation (PPA) and fair values are as follows:" <BR> Particulars INR crores <BR> Purchase Consideration 778 <BR> Add/(Less): Fair Value of Assets and Liabilities acquired <BR> Technology (59) <BR> Merchant Relationships (51) <BR> Brand (10) <BR> Non-compete (9) <BR> Active users (5) <BR> Other Identified assets (net of liabilities) (171) <BR> Add: Deferred Tax Liability on intangible assets recognised in consolidated financial statements 33 <BR> Goodwill 506 <BR> The excess of the purchase price over the fair value of the acquired net assets was recorded as goodwill. The useful lives of the acquired intangible assets were assigned as follows: merchant relationships (10 years), active users (1 year), brand (3 years), technology (5 years), and non-compete (6 years). <BR> Due to this acquisition, the results for the nine months ended December 31, 2025 are not comparable with other corresponding period presented. <BR> During the quarter ended June 30, 2025, the Group started transitioning from its marketplace model to a combination of marketplace and inventory-led model in its quick commerce segment. Owing to this change, the revenue under quick commerce segment now includes amount on account of direct sales to customers on the Blinkit platform and not just the marketplace commission on such sales. This also results in reduction in sales of Hyperpure supplies (B2B business) to the sellers on the Blinkit platform. <BR> The Government of India, with effect from November 21, 2025, notified the Code on Social Security, 2020; the Occupational Safety, Health and Working Conditions Code, 2020; the Industrial Relations Code, 2020; and the Code on Wages, 2019 (collectively, the “Labour Codes”), which replace existing central labour legislations. Draft rules under the Labour Codes were released by the Ministry of Labour and Employment on December 30, 2025 and are yet to be notified. Various State Governments have also notified state-specific legislations. Based on the Group’s assessment, the provisions currently in force do not have a material impact on the financial results of the Group. The financial impact, if any, of the remaining provisions will be assessed upon notification of the final rules and their effective dates. <BR> <BR> Subsequent to the reporting date, on January 21, 2026, Mr. Deepinder Goyal has tendered his resignation as Director, Managing Director and Chief Executive Officer of the Company effective close of business on February 1, 2026. Mr. Albinder Singh Dhindsa has been appointed as the Chief Executive Officer of the Company with effect from February 1, 2026. Further, the Board of Directors (“Board”) recommended the appointment of Mr. Deepinder Goyal as the Director and Vice Chairman of the Board effective upon shareholders’ approval.2025-04-012025-12-31UnauditedConsolidated37072000000010540000000381260000000150000000214280000000-16160000000260900000002600000000112900000001391400000003773900000003870000000038700000002430000000-48000000019500000000192000000000001920000000-2040000000-12000000019200000000-1200000000911000000010.210.2000.210.2Advertisement and sales promotion9370000000Delivery and related charges23760000000Others19190000000Advertisement and sales promotion24140000000Delivery and related charges64580000000Others50420000000India food ordering and delivery26880000000Hyperpure supplies (B2B business)10810000000Quick commerce122570000000Going Out3000000000All other segments (Residual)280000000India food ordering and delivery74540000000Hyperpure supplies (B2B business)44150000000Quick commerce245580000000Going Out6960000000All other segments (Residual)5700000001635400000003718000000003900000001080000000163150000000370720000000India food ordering and delivery5470000000Hyperpure supplies (B2B business)70000000Quick commerce2020000000Going Out-1140000000All other segments (Residual)-470000000India food ordering and delivery15300000000Hyperpure supplies (B2B business)30000000Quick commerce1650000000Going Out-2190000000All other segments (Residual)-1460000000595000000013330000000107000000026000000003180000000686000000017000000003870000000India food ordering and delivery0Hyperpure supplies (B2B business)0Quick commerce0Going Out0All other segments (Residual)0000India food ordering and delivery0Hyperpure supplies (B2B business)0Quick commerce0Going Out0All other segments (Residual)0000In compliance with Ind AS 108 Operating Segments refer Para 23 preparation and disclosure of segment assets and segment liabilities is not required Hence in the XBRL utility we have mentioned 0 under each reportable segment for assets and liabilities <BR> <BR> Consolidated segment information <BR> Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate resources and assessing performance. The Group’s CODM is the Managing Director and Chief Executive Officer of the Company. <BR> The segments for the Group are as follows: <BR> 1. India food ordering and delivery <BR> 2. Hyperpure supplies (B2B business) <BR> 3. Quick commerce <BR> 4. Going out <BR> 5. All other segments (residual) <BR> <BR> India food ordering and delivery comprises of online marketplace platform through which the Group facilitates listing and online ordering of food items and delivery of these food items by connecting end users, restaurant partners and independent delivery partner. <BR> <BR> Hyperpure supplies (B2B business) is our farm-to-fork supplies offering for restaurants in India and sale of items to businesses for onward sales. <BR> <BR> Quick commerce comprises of online platform named Blinkit (Platform) that enables listing and sale of items directly by the Group or by third-party sellers. End users are able to place orders of these listed items on the Platform which are delivered to their doorsteps within minutes. Quick commerce also includes provision of advertisement, warehousing and ancillary services. <BR> <BR> Going-out is a combination of our dining-out and entertainment ticketing business. Customers / end users use our dining-out offering to search and discover restaurants, reserve tables, avail offers and make payments while dining-out at restaurants. In our entertainment ticketing business, we offer ticketing services to customers for movies, sports and events (including our own events) and offer services like event production, management etc. to other event partners/ participants. <BR> <BR> The Group has combined and disclosed balancing number in All other segments which are not reportable. <BR> <BR> Revenue and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly attributable to any reporting segment have been allocated to respective segments based on the number of orders, revenue, number of employees or gross/net order value as reviewed by CODMRemeasurements of the defined benefit plans-40000000Equity instruments through other comprehensive income-2420000000-2460000000Remeasurements of the defined benefit plans-30000000Equity instruments through other comprehensive income-2750000000-2780000000-250000000-300000000Exchange differences on translation of foreign operations80000000Debt instruments through other comprehensive income-250000000-170000000Exchange differences on translation of foreign operations130000000Debt instruments through other comprehensive income420000000550000000-60000000110000000-2320000000-2040000000