Zomato Teams Up with Indian Government to Boost Gig Economy

1 min read     Updated on 14 Oct 2025, 07:29 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Eternal, a leading food delivery platform in India, has partnered with the Indian government to create 20,000 gig jobs monthly through the National Career Service Portal. This collaboration aims to connect job seekers with gig economy opportunities, supporting Eternal's expansion while addressing employment challenges. The initiative provides easy access to gig work, integrates with a government-backed job portal, and offers potential for flexible working arrangements.

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*this image is generated using AI for illustrative purposes only.

Eternal , a leading food delivery platform in India, has entered into a significant partnership with the Indian government to enhance job opportunities in the gig economy. The collaboration aims to facilitate 20,000 gig jobs monthly through the National Career Service Portal, marking a substantial step towards addressing employment challenges in the country.

Key Highlights of the Partnership

Aspect Details
Partnership Eternal and Indian Government
Platform National Career Service Portal
Monthly Job Target 20,000 gig jobs
Objective Connect job seekers with gig economy opportunities

Impact on the Gig Economy

This initiative is poised to make a significant impact on India's growing gig economy. By leveraging the National Career Service Portal, Eternal is set to create a bridge between job seekers and the diverse opportunities available on its platform. This move not only supports Eternal's expansion but also aligns with the government's efforts to boost employment in the digital age.

Implications for Job Seekers

For job seekers, this partnership opens up new avenues in the gig economy. The collaboration provides:

  • Easy access to gig work opportunities
  • Integration with a government-backed job portal
  • Potential for flexible working arrangements

Eternal's Strategic Move

This agreement showcases Eternal's commitment to growth and its role in shaping the future of work in India. By partnering with the government, Eternal is:

  • Expanding its workforce efficiently
  • Contributing to employment generation
  • Strengthening its position in the competitive food delivery market

As the gig economy continues to evolve, partnerships like these between private companies and government entities could become increasingly crucial in addressing employment challenges and fostering economic growth.

Historical Stock Returns for Eternal

1 Day5 Days1 Month6 Months1 Year5 Years
-0.17%+2.93%+7.56%+56.48%+24.17%+175.99%
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Eternal Ltd to Announce Q2FY26 Results on October 16; Stock Hits 52-Week High

1 min read     Updated on 14 Oct 2025, 04:14 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Eternal Ltd, parent company of Zomato and Blinkit, will release Q2FY26 and H1FY26 results on October 16, 2025. The Board meeting is scheduled for the same day, followed by an earnings call at 5:00 PM IST. The company's stock recently hit a 52-week high of Rs 352.00, showing a 56.14% increase over six months. However, Q1FY26 results fell short of analyst expectations with a consolidated net profit of Rs 25.00 crore against an estimated Rs 106.80 crore. Investors will focus on revenue growth, profitability metrics, strategic initiatives, and future guidance.

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*this image is generated using AI for illustrative purposes only.

Eternal Ltd , the parent company of popular brands Zomato and Blinkit, is set to release its quarterly results for Q2FY26 on October 16, 2025. The company's Board of Directors will convene to review and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

Key Highlights

  • Board meeting scheduled for October 16, 2025
  • Earnings call at 5:00 PM IST on the same day
  • Q2FY26 and H1FY26 results to be announced
  • Stock recently hit a 52-week high of Rs 352.00

Financial Performance and Stock Movement

Eternal Ltd, which houses major brands such as Zomato, Blinkit, District, and Hyperpure, has seen significant stock price appreciation recently. The company's share price has shown robust performance, with a 2.81% increase in the past five trading sessions and an impressive 56.14% surge over the last six months.

However, the previous quarter's results fell short of analyst expectations:

Metric Q1FY26 Result Analyst Estimate
Consolidated Net Profit Rs 25.00 crore Rs 106.80 crore
Sequential Change -36.00% -

The substantial difference between the actual results and analyst estimates highlights the volatility and challenges in the sector.

Upcoming Earnings Call

Investors and analysts interested in participating in the earnings call can pre-register using the link provided by the company. The call is scheduled for 5:00 PM IST on October 16, 2025. For those unable to attend, Eternal Ltd has announced that the transcript and audio recording of the call will be made available on the company's investor relations website.

Market Expectations

Given the recent stock performance and the previous quarter's results, market participants will be keenly watching Eternal Ltd's Q2FY26 numbers. Key areas of focus are likely to include:

  1. Revenue growth across its portfolio brands
  2. Profitability metrics, especially given the previous quarter's underperformance
  3. Updates on strategic initiatives and market expansion plans
  4. Guidance for the second half of FY26

As Eternal Ltd continues to navigate the competitive landscape of food delivery and quick commerce, these results will provide crucial insights into the company's operational efficiency and growth trajectory.

Investors and analysts alike will be eager to see if the company can align its financial performance with the positive sentiment reflected in its recent stock price movements.

Historical Stock Returns for Eternal

1 Day5 Days1 Month6 Months1 Year5 Years
-0.17%+2.93%+7.56%+56.48%+24.17%+175.99%
like16
dislike
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