Eternal's Bistro Bleeds Cash: Rs 150 Crore Loss, Revenue Below Rs 20 Crore

• Eternal Ltd's quick food delivery venture, Bistro, incurred cumulative EBITDA losses of nearly Rs 150 crore over the last three quarters.
• During the same period, Bistro's revenue remained under Rs 20 crore, with Rs 14 crore generated in Q3 FY26.
• CFO Akshant Goyal attributed losses to investments in Bistro's operating model, where Eternal owns and manages kitchen infrastructure.
• Bistro currently operates around 45 kitchens, primarily in Delhi-NCR and Bengaluru.
• Launched in December 2024, the standalone Bistro app aims for 10-minute delivery, competing with Zepto Cafe.

Why It Matters: Eternal's Bistro faces significant losses despite scaling operations, driven by infrastructure investments.