Everlasting, the guardian firm of Zomato and Blinkit, has reported a pointy improve in quarterly revenue, supported by the continued enlargement of its quick-commerce enterprise.

The Gurugram-based firm recorded a consolidated web revenue of Rs 92 crore for the three months ended 30 June 2026, up 268% from Rs 25 crore in the same period last year.

Nevertheless, revenue fell by about 47% from Rs 174 crore within the earlier quarter.

Income from operations elevated by 182% year-on-year to Rs 20,211 crore, from Rs 7,167 crore. It was about 17% greater than the Rs 17,292 crore reported within the quarter ended March 2026.

The headline income improve partly displays Blinkit’s inventory-led working mannequin, below which the total worth of products offered is recorded as income quite than solely the fee earned by way of a market transaction.

Blinkit turns into largest income contributor

Blinkit generated income of Rs 15,664 crore throughout the quarter, accounting for about 77.5% of Everlasting’s working income. The short-commerce enterprise had reported income of Rs 2,400 crore a yr earlier.

Zomato’s food-delivery enterprise generated Rs 3,100 crore, a rise of 37% from Rs 2,261 crore within the corresponding interval final yr.

Hyperpure, Everlasting’s B2B restaurant provides operation, reported income of Rs 1,034 crore.

The determine was 55% decrease than the Rs 2,295 crore recorded a yr earlier. Nevertheless, Hyperpure’s income elevated by about 6% from Rs 978 crore within the earlier quarter.

District, the corporate’s going-out enterprise, recorded income of Rs 318 crore, up about 54% from Rs 207 crore a yr earlier.

Together with different revenue of Rs 375 crore, Everlasting’s complete revenue reached Rs 20,586 crore.

Complete expenditure stood at Rs 20,314 crore, with purchases of stock-in-trade accounting for Rs 12,860 crore.

Supply and associated fees elevated by about 69% year-on-year to Rs 3,150 crore. Worker profit bills rose by about 29% to Rs 1,068 crore, whereas promoting and gross sales promotion spending elevated by about 41% to Rs 945 crore.

The corporate reported a revenue earlier than tax (PBT) of Rs 272 crore. Present and deferred tax bills totalled Rs 180 crore, leaving a revenue after tax of Rs 92 crore.

Primary and diluted earnings per share had been Rs 0.10 every.

Meals supply stays worthwhile

In its statutory phase reporting, Everlasting stated its food-delivery enterprise recorded a phase results of Rs 621 crore, in contrast with Rs 465 crore a yr earlier.

The short-commerce enterprise reported a optimistic phase results of Rs 365 crore, in opposition to a lack of Rs 42 crore within the corresponding quarter final yr.

District recorded a phase lack of Rs 61 crore.

These figures are statutory phase outcomes and shouldn’t be described as EBITDA or adjusted EBITDA.

Everlasting founder Deepinder Goyal stated the corporate remained keen to sacrifice margins if further spending was wanted to assist long-term progress.

“If there comes some extent the place we now have to spend margin to develop, we’ll,  with out hesitation,” Goyal stated in a letter to shareholders.

“We’ve all the time prioritised long-term market enlargement over short-term margin. However proper now, we don’t have to make any trade-off.”

Everlasting rejects low-price rival technique

Everlasting additionally addressed competitors from Swiggy’s Toing and Rapido’s Ownly, that are looking for to draw price-conscious food-delivery clients.

Goyal stated the affect of the companies had been restricted and argued that their buyer traction was being pushed primarily by decrease costs.

“There’s no new use case being unlocked right here,” he stated.

“The shopper traction is only price-driven, and price-driven traction with out structural economics tends to resolve itself.”

Everlasting stated it was as a substitute specializing in Bistro, its fast food-delivery operation, as a approach of serving clients looking for lower-priced meals.

“What we’re spending power on is Bistro, which is our reply to the query these platforms are pretending to resolve,” Goyal stated.

Rapido co-founder and CEO Aravind Sanka has taken a distinct view, arguing that affordability may considerably develop India’s on-line food-delivery market.

“If the variety of individuals ordering meals on-line doesn’t attain 100 million in three years, there isn’t any cause for Rapido to exist,” Sanka instructed Moneycontrol in an interview printed earlier in July.

Sanka stated decrease costs and larger logistical effectivity may encourage hundreds of thousands of people that don’t at present order meals on-line to make use of supply platforms.