Now ordering food from Jomato will be a little expensive. Food delivery and Quick Commerce company Eternal Ltd on Tuesday (2 September) raised platform fees on food delivery orders by 20%. Now customers will have to pay a platform fee of ₹ 12 instead of ₹ 10 for ordering food from Zomato. Jomato had last increased the platform fees for the last 1 year ago.
Zomato, owned by Deepinder Goyal, started the platform fee in August 2023 with ₹ 2. It was introduced as a step towards improving margin and increasing profits. After this, the platform fees were increased several times. It was reduced to ₹ 3 in 2023, ₹ 4 on 1 January 2024, and ₹ 10 for the festive season in October 2024.
Eternal’s first quarter results
Eternal Ltd recorded a profit of ₹ 25 crore in the June quarter. This is less than ₹ 253 crore in the same period last year. The company said that this difference is mainly due to investments released in Quick Commerce and Outgoing Business.
During this period, Eternal’s operational revenue was ₹ 7,167 crore, which was ₹ 4,206 crore last year. The company said that for the first time the net order value (Nov) of Quick Commerce was more than the food delivery Nov throughout the quarters.
The condition of shares of ETERNAL
On Tuesday, Eternal LTD shares closed at ₹ 322.85 with a slight gain of 0.55%. The stock has gone up 5.77% in the last 1 month. At the same time, it has gained 45.34% in the last 6 months. Stock has gone up 30.34% in 1 year.
What is the business of Eternal?
Eternal Ltd is a food delivery and Quick Commerce Company, which runs Zomato and Blinkit. The company rapidly delivers food, grocery and essential items from the restaurant to the customers. Apart from this, it also works in events and outgoing business.
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