Strong Q3 Performance
Eternal Ltd, the parent of food-delivery platform Zomato and quick commerce arm Blinkit, reported robust financial growth for Q3 FY26:
• Consolidated net profit jumped ~73% YoY to ₹102 crore, up from ~₹59 crore in the year-ago quarter.
• Revenue from operations surged over 200% YoY to around ₹16,315 crore, driven by higher activity in both food delivery and Blinkit businesses.
• Adjusted EBITDA grew about 28% YoY, reflecting better unit economics and profitability improvement.
Leadership Change: Deepinder Goyal Steps Down
Founder and long-time CEO Deepinder Goyal announced he will step down as Managing Director & CEO of Eternal effective February 1, 2026. He is transitioning to the role of Vice Chairman and Director on the board, subject to shareholder approval.
New CEO: Albinder Singh Dhindsa
Albinder Singh Dhindsa, current CEO of Blinkit, will take over as the Group CEO of Eternal. Dhindsa — known for founding and scaling Blinkit and previously heading international operations — is expected to lead day-to-day execution and drive growth across the delivery and quick commerce ecosystem.
Why the Change?
In a shareholder letter, Goyal said his decision is motivated by a desire to pursue new, higher-risk ideas and experimentation that lie outside Eternal’s strategic focus. While he steps back from operational duties, he will remain involved in long-term strategy, culture and governance at the company.
Business Highlights Beyond the Numbers
• Quick commerce (Blinkit) showed notable improvement, achieving EBITDA profitability for the first time at the segment level after earlier losses.
• Food delivery (Zomato) continued to grow, with improved net order values.
• Adjusted business metrics confirm accelerating growth momentum across categories.
In summary: Eternal delivered impressive Q3 profit and revenue growth, reflecting stronger execution across food delivery and quick commerce. Alongside this performance, the company is undergoing a major leadership transition with founder Deepinder Goyal moving to a strategic role and Blinkit’s Albinder Dhindsa stepping in as CEO — indicating a potential new chapter for the business
