Eternal Eyes $20 Billion in Annual Order Value by FY28, Targets $1 Billion EBITDA by FY29
Eternal eyes $20 bn in B2C NOV by FY28; $1 bn in adjusted Ebitda by FY29
Business Standard
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Eternal, a food and grocery delivery platform, aims to double its annual net order value (NOV) from $10 billion to $20 billion within two years. The company also targets $1 billion in adjusted EBITDA by FY29, following a significant profit increase of 346.1% in FY26.
- 01Eternal plans to reach $20 billion in annual NOV by FY28, doubling its previous figure.
- 02The company targets $1 billion in adjusted EBITDA by FY29 after achieving profitability in FY24.
- 03Eternal's net profit surged 346.1% in FY26, reaching ₹174 crore (approximately $21 million USD).
- 04Revenue for FY26 increased by 196.4% year-on-year to ₹17,292 crore (around $2.08 billion USD).
- 05Eternal's cash balance rose to ₹17,972 crore (approximately $2.17 billion USD) in FY26.
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Eternal, a prominent food and grocery delivery platform, is poised for significant growth, projecting to increase its annual net order value (NOV) from $10 billion to $20 billion by FY28. This ambitious target comes after the company achieved adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) profitability in FY24, and it now aims for $1 billion in adjusted EBITDA by FY29. Founder Deepinder Goyal highlighted that the rapid growth is supported by a strong operational foundation, including established supply chains and customer trust. In FY26, Eternal reported a remarkable 346.1% increase in net profit, reaching ₹174 crore (approximately $21 million USD), while revenue surged 196.4% year-on-year to ₹17,292 crore (around $2.08 billion USD). The company's consolidated adjusted EBITDA also saw a significant rise of 160% year-on-year to ₹429 crore. Additionally, Eternal's cash reserves increased to ₹17,972 crore (approximately $2.17 billion USD), indicating a robust financial position as it navigates a competitive market with rivals like Swiggy and its new app Toing.
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Eternal's growth indicates a positive trend in the food delivery sector, potentially leading to more job opportunities and enhanced services for consumers.
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