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

Eternal Limited (formerly Zomato) hosted its Q4FY26 earnings call with CEO Albinder Singh Dhindsa and CFO Akshant Goyal. Key highlights include confirming 60%+ CAGR growth guidance for quick commerce over 3 years, with Blinkit expected to reach 3,000 dark stores by March (FY27 growth revised to 70-80% from earlier 100% guidance). The company targets 5-6% margin for quick commerce at steady state, up from current ~3-3.5%, with CFO confirming analyst calculations on implied margins are broadly correct. Food delivery is growing at 19-20% with 5.5% margin, and management reinvests incremental margins into growth rather than expanding percentages. Management emphasized maintaining pricing discipline despite high competitive intensity, focusing on customer retention as the North Star metric. District business faces some event cancellations due to geopolitical factors but overall outlook remains unchanged. No new categories planned for District, and travel is not a focus area.