Eternal Pumps Rs 450 Crore Into Blinkit as the Quick Commerce Race Gets More Intense

Eternal Pumps Rs 450 Crore Into Blinkit as the Quick Commerce Race Gets More Intense

By Hariharan U

Published on March 16, 2026

The quick commerce battle in India is moving fast, and Eternal is making sure Blinkit keeps pace. The Gurugram-based parent company has infused Rs 450 crore into its quick commerce arm Blinkit, according to a regulatory filing with the Registrar of Companies. This is Eternal's first capital injection into the business in 2026, following a total of Rs 2,600 crore pumped in across 2025.

To put the 2025 numbers in context, Eternal injected Rs 500 crore in January, Rs 1,500 crore in February, and another Rs 600 crore in November of last year. The latest infusion signals that the pace of investment isn't letting up as competition in the 10-minute delivery segment continues to intensify.

Blinkit has reasons to feel confident heading into this next phase. The company turned profitable in the December quarter, reporting an adjusted EBITDA profit of Rs 4 crore in Q3FY26 compared to a loss of Rs 103 crore in the same period the previous year. Revenue jumped to Rs 12,256 crore from Rs 1,399 crore a year earlier, and gross profit climbed to Rs 3,539 crore from Rs 1,300 crore. Those are significant numbers, and they reflect a business that has found its footing even as it continues to scale aggressively.

The capital will support Blinkit's ongoing dark store expansion, working capital requirements, and operating costs as it pushes towards its target of 3,000 micro-warehouses by March 2027. As of December 31st, the company had 2,027 stores operational.

The competitive landscape around Blinkit is getting busier. Swiggy raised Rs 10,000 crore through a qualified institutional placement in December 2025, just over a year after its IPO. Zepto has filed confidential draft papers with SEBI for its own IPO. And larger players including Amazon, Flipkart, and Reliance Industries are all stepping up their presence in quick commerce, making this one of the most actively contested spaces in India's consumer technology sector right now.

There's also been a notable leadership shift at Eternal. Founder Deepinder Goyal stepped down as Managing Director and CEO in February, with Blinkit founder and CEO Albinder Dhindsa taking over the top role. Dhindsa continues to lead Blinkit as well, consolidating leadership of the quick commerce business at a critical growth phase.

One more number worth noting: in terms of net order value, Blinkit has now overtaken Eternal's core food delivery business. That's a remarkable milestone for a segment that didn't exist in its current form just a few years ago.


Papa Johns India Celebrates Father’s Day with Interactive Pizza-Making Experience

Papa Johns India Celebrates Father’s Day with Interactive Pizza-Making Experience

By Hariharan U

Published on June 21, 2026

Papa Johns India marked Father’s Day with a unique and interactive celebration, hosting a special pizza-making experience for fathers and their children at its Hennur and Kasturi Nagar outlets in Bengaluru on June 21, 2026.

Designed to encourage meaningful family bonding, the event brought together registered father-child duos for a hands-on culinary session where participants created their own pizzas under the guidance of Papa Johns chefs. The initiative aimed to transform a traditional dining experience into an engaging activity centred around togetherness and shared memories.

During the event, participants wore branded aprons and caps while learning the art of pizza-making from scratch. The experience also featured Father’s Day-themed games, instant photography sessions, Polaroid keepsakes, and interactive activities designed to make the celebration memorable for families.

Commenting on the initiative, Prashant Mehta, Director of Papa Johns India, said the brand views Father’s Day as an opportunity to celebrate family connections and create meaningful experiences beyond dining. He noted that the event was designed to bring families together through teamwork, creativity, and shared moments in the kitchen.

The sessions concluded with pizza tasting, trivia activities, and group photographs, allowing participants to enjoy the creations they made together.

Through this experience-led activation, Papa Johns India continues to strengthen customer engagement while showcasing the craftsmanship, quality ingredients, and preparation techniques that define its pizzas. The initiative reflects the brand’s growing focus on creating memorable in-store experiences that connect customers with the food and the people they share it with.

Operated in India by PJP Foods India Private Limited under the Ambrosia QSR platform, Papa Johns India continues to expand its presence through dine-in, takeaway, and delivery formats while staying true to its global promise of “Better Ingredients. Better Pizza.”


Summit Hotels Begins FY2026-27 with Nearly 40% Growth, Driven by Sikkim and Darjeeling Demand

Summit Hotels Begins FY2026-27 with Nearly 40% Growth, Driven by Sikkim and Darjeeling Demand

By Manu Vardhan Kannan

Published on June 14, 2026

Summit Hotels & Resorts has started FY2026-27 on a strong note, reporting nearly 40% growth in business during April and May. The company attributes the performance to continued demand for leisure travel in the Eastern Himalayas and the growing preference among travellers for established regional hospitality brands.

During the first two months of the financial year, the hospitality group sold more than 37,000 room nights, with occupancy across its portfolio reaching 78.9%. Average room rates also crossed ₹6,000, highlighting stronger pricing power across several key destinations.

The growth comes despite a temporary slowdown in travel activity in parts of eastern India during the West Bengal Assembly election period. According to the company, destinations across Sikkim and the Darjeeling Hills were the strongest contributors to performance, supported by repeat guests and rising demand for premium mountain getaways.

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Commenting on the performance, Sumit Mitruka, CEO, Summit Hotels & Resorts, said, "We entered the year expecting healthy demand, but the pace of bookings has been stronger than anticipated. What stands out is not just the occupancy but the ability of travellers to continue choosing these destinations despite temporary disruptions. The appetite for experiential leisure travel remains strong, and we are seeing that translate into both room revenue and higher spending within our hotels."

Alongside room revenues, the company also reported healthy growth in food and beverage sales during the period. Guest review scores remained among the highest across its operating markets, reflecting strong customer satisfaction levels.

Building on this momentum, Summit Hotels is now expanding its business model beyond its owned and managed properties in the Eastern Himalayas. The company is actively seeking partnerships with independent hotels, boutique resorts, heritage properties, wildlife lodges, and spiritual retreat destinations across India.

The initiative is designed for hotel owners looking to benefit from organised distribution channels and professional revenue management while retaining ownership and operational control of their properties.

Unlike conventional affiliation models that often require significant upfront investments, Summit's partnership approach focuses on shared growth. Partner properties can maintain their individual identity while gaining access to the company's central reservation system, revenue management expertise, digital marketing support, technology platforms, and hospitality manpower network.

Having completed 18 years in the hospitality industry, Summit believes significant opportunities exist within India's large independent hotel sector, where many properties have strong local appeal but limited access to organised brand support and distribution systems.

With booking momentum continuing into June and advance reservations already nearing last year's levels, the company remains optimistic about sustained demand across leisure and destination travel markets in the coming quarters.


Suba Hotels Ltd Reports Record ₹115.89 Cr Revenue in FY26, Expands to 100+ Hotels

Suba Hotels Ltd Reports Record ₹115.89 Cr Revenue in FY26, Expands to 100+ Hotels

By Hariharan U

Published on June 12, 2026

Suba Hotels Limited (NSE – SME: SUBAHOTELS) has announced its audited financial results for the year ended March 31, 2026, reporting its strongest-ever annual performance alongside significant expansion across its hotel portfolio.

The company’s total revenue rose to ₹115.89 crore in FY26, marking a 45% year-on-year growth. EBITDA increased by 13% to ₹26.82 crore, while Profit After Tax (PAT) stood at ₹18.01 crore, reflecting a 19% rise compared to FY25.

Commenting on the performance, Managing Director Mansur Mehta said FY26 has been a landmark year for the company, driven by strong execution and expansion across markets. Suba Hotels expanded its presence to over 102 operational hotels, 4,660+ keys, and 73 destinations during the year.

He highlighted that one of the company’s key strengths lies in its ability to operate across all five hospitality business models management contracts, revenue sharing, franchising, asset ownership, and hybrid structures, making Suba Hotels one of the few hospitality players in India with such a diversified operational framework.

This flexibility allows us to partner with hotel owners effectively and accelerate expansion across segments,” he said.

CEO Mubeen Mehta noted that the scale achieved in FY26 reflects the strength of the company’s operating platform and execution capabilities. He added that revenue growth was supported by network expansion and improved business volumes across brands.

He also pointed out that EBITDA and PAT margins were impacted due to changes in the GST framework, which led to the loss of input tax credit benefits on certain operating expenses, increasing the overall cost base.

Looking ahead, the company plans to continue expanding through asset-light models, improving operational efficiency, and strengthening its presence in high-growth markets. With a strong pipeline and over 100 hotels already operational, Suba Hotels remains confident of sustaining its growth trajectory.

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