Key Takeaways:  

Overall Update

• Eternal’s Consolidated Adjusted Revenue grew 190% YoY (19% QoQ) to INR 16,692 crore and Adjusted EBITDA grew 28% YoY to INR 364 crore
• Quick commerce and Hyperpure businesses turn Adjusted EBITDA profitable in Q3FY26, for the first time ever
• Quick commerce NOV growth remains robust at 121% YoY
• Food delivery NOV growth recovery continues with NOV in Q3FY26 growing 16.6% YoY (4.5% QoQ), improving meaningfully from 13.8% YoY NOV growth in the previous quarter.
• Adjusted EBITDA margin for Food Delivery business reached an all-time high of 5.4%

Consolidated Performance

• Consolidated Adjusted EBITDA increased 28% YoY to INR 364 crore while increasing 63% QoQ 
• B2C NOV grew 55% YoY (11% QoQ) to INR 25,732 crore - crossing INR 1 lakh crore annualized
• On a like-for-like basis Adjusted Revenue growth was 64% YoY - difference in adjusted revenue reflects accounting shift to inventory ownership in quick commerce which includes the full value of goods sold rather than just marketplace commission

Click here to download Q3FY26 results