Eternal Soars with Impressive Profit Surge and Strategic Leadership Shifts

Eternal, the parent company of Zomato and Blinkit, reported a 72.88% rise in consolidated net profit for Q3FY26, reaching Rs 102 crore. Leadership changes, including Deepinder Goyal's move and Albinder Singh Dhindsa's appointment, were also announced. Blinkit's revenue grew substantially, amid strategic expansions and business challenges.

Eternal, the parent company of Zomato and Blinkit, experienced a significant financial performance boost, reporting a 72.88% increase in consolidated net profit for the December quarter of FY26, reaching Rs 102 crore. This surge was primarily driven by the robust revenue growth from its quick commerce segment.

In a strategic leadership shift, the company's board has accepted Deepinder Goyal's resignation as Director, MD, and CEO, effective February 1. He will transition to the role of Vice Chairman and Director, while Albinder Singh Dhindsa, currently the CEO of Blinkit, will assume the role of Eternal's CEO from the same date.

Blinkit's operations provided significant revenue growth, with quarterly revenues soaring to Rs 12,256 crore compared to Rs 1,399 crore a year earlier. Despite this, Eternal continues facing losses from its District services but expects a path to profitability over the next 4-6 quarters due to active investment in category development.

(With inputs from agencies.)