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flag Eternal's shares climb 7.55% despite Q1 profit plummeting 90%, driven by Blinkit's growth.

flag Eternal, formerly Zomato, saw its shares rise 7.55% despite a 90% drop in Q1 net profit to Rs 25 crore, due to a 70.4% revenue jump to Rs 7,167 crore. flag The surge is attributed to Blinkit's quick commerce NOV surpassing food delivery NOV for the first time, with Blinkit adding 243 new stores. flag Adjusted EBITDA fell 42% to Rs 172 crore due to investments in quick commerce and going-out segments. flag The company's CEO predicts food delivery growth will bottom out but sees potential for a 20% YoY increase by FY27.

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