Eternal Limited has filed with exchange transcript of earnings conference call conducted on April 28, 2026.

Eternal Limited (formerly Zomato) hosted its Q4FY26 earnings call covering quick commerce, food delivery, and District businesses. Management affirmed 60% CAGR growth guidance for quick commerce over 3 years with implied margins of 3-3.5% currently, targeting 5-6% at steady state. Dark store expansion is on track for 3,000 stores by March. Food delivery is growing at 19-20% with 5.5% margin, and management reiterated its principle of prioritizing absolute profit growth over margin percentage by reinvesting any incremental margins. Competition remains intense across markets but management sees low customer acquisition costs as competitors have pulled back on spending. Key growth drivers include geographic expansion, assortment expansion, and demand densification. Management declined to provide specific guidance on orders per store, user growth breakdown, or beyond the 3,000 dark store target.