ETERNAL LIMITED — Important, 02-05-2025: Updates

Eternal (formerly Zomato) reported strong operational growth across segments in Q4 FY25. Net Order Value (NOV) for B2C businesses rose 53% YoY to ₹17,440 Cr, with consolidated adjusted revenue growing 60% YoY to ₹6,188 Cr. However, adjusted EBITDA fell 15% YoY to ₹165 Cr due to increased investments in quick commerce, including 294 new store additions and 1 million sq ft warehousing. Food delivery NOV growth remained subdued due to weak demand and temporary delivery partner shortages. The company delisted ~19,000 non-compliant restaurants. GST demand orders totaling ₹420 Cr remain contested. Transition to inventory ownership under IOCC status is underway.