Eternal CFO: New Labor Codes Won't Impact Long-Term Margins, Despite Gig Worker Costs

• Eternal Ltd's CFO Akshant Goyal states new labor and social security codes will not affect long-term margin guidance across businesses.
• The company anticipates absorbing the impact of new labor codes, including additional compliance for gig workers, without adverse margin effects.
• Eternal's platforms, Zomato and Blinkit, spent over Rs 100 crore on insurance for delivery partners in 2025, highlighting existing welfare efforts.
• Full operational and financial implications will be clearer once rules under the social security code are officially notified.
• Eternal reported a 73% YoY rise in consolidated profit to Rs 102 crore and a 201% YoY revenue surge to Rs 16,315 crore for Q3 FY26.

Why It Matters: Eternal expects to absorb new labor code costs without impacting long-term margins, despite increased gig worker compliance.