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Eternal’s Q4 Show, Snabbit Bags $56 Mn & More

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April 29, 2026

Eternal fired on all cylinders in Q4 FY26. Profits and revenues soared, Blinkit remained the growth engine, and food delivery vertical Zomato continued to be a steady rock. Yet, the choppy District and skyrocketing expenses played a spoilsport for the foodtech major. 

Here’s a quick glance at Eternal’s Q4 FY26 performance:

Thin Profitability: A closer look at Eternal’s Q4 numbers reveals that its profitability is hanging by a thread. Without the ₹342 Cr in other income, the company would have slipped into a loss. On top of this, Eternal’s expenses rose almost as fast as revenues, underscoring how tightly it is still balancing scale and profitability.

Blinkit Leads The Charge: The star of Eternal’s Q4 show remained Blinkit. The quick commerce arm’s revenues soared 674% YoY to 13,232 Cr as it added 216 new dark stores during the quarter and improved net order value (NOV) by 95% YoY. 

Zomato Stabilises: The food delivery business also showed signs of healthier momentum. Zomato’s revenue and adjusted EBITDA both improved, helped by a broader push towards more affordable meal options and intact unit economics. On the LPG shortage, the company termed the crisis a temporary disruption, adding that platform-level throughput remained unimpacted.

District Stays Uneven: The going-out business remained “lumpy”, with Q4 revenue rising modestly YoY as ticketing demand continued to swing. However, Eternal reiterated confidence in its long-term guidance of $150 Mn in adjusted EBITDA by FY30 for District. The company also moved to transfer the tech stack and employees of District into a wholly-owned subsidiary to improve efficiency and unlock more opportunities.

As high operational costs continue to eclipse its gains, here is a closer look at Eternal’s first financials after Deepinder Goyal’s exit…

Inc42 Markets

Large enterprises still run largely on manual ERP systems. Expensive consultants, slow troubleshooting and large support teams make even routine maintenance costly and inefficient. Dodge AI is trying to fix ERP upkeep with its autonomous AI agents.

Solving The Friction: Founded in 2025, Dodge AI focuses on the operational issues around ERP environments rather than the system itself. The platform begins by scanning inefficiencies, bottlenecks and recurring issues. It then spots patterns before they turn into incidents. Based on the insights, its AI agents recommend configuration changes that can improve performance and streamline workflows. 

Streamlining Support: Dodge also automates L1 and L2 support tasks with AI, resolving tickets and service requests through tools like Slack or Microsoft Teams. In effect, its AI agents turn ERP maintenance into an autonomous process, where AI agents handle repetitive work and human teams focus on higher-value decisions.

Riding A Large Market: As enterprises push harder on AI adoption, the startup is eyeing a piece of the global enterprise automation market, which is projected to cross $157 Bn by 2033. So, can Dodge AI become the AI layer that makes ERP upkeep easy and efficient?

So, can Dodge AI become the AI layer that makes ERP upkeep easy and efficient?

Five years ago, Snitch moved online. That pivot turned the brand into one of the fastest-growing D2C menswear labels in the country with ₹900 Cr in sales in FY26. Here’s how Snitch has grown over the years…

Five years ago, Snitch moved online. That pivot turned the brand into one of the fastest-growing D2C menswear labels in the country with ₹900 Cr in sales in FY26. Here’s how Snitch has grown over the years…