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India’s favourite Eternal, the parent of Zomato, posted strong Q3 numbers, powered largely by Blinkit and the quick-commerce boom.
Here are the key figures:
Net profit: up 73% YoY to ₹102 crore vs ₹59 crore
Revenue: up 201% YoY to ₹16,315 crore vs ₹5,405 crore
Blinkit stole the spotlight. Its income jumped nearly 8x to ₹12,256 crore in Q3 FY26, up from ₹1,399 crore a year ago, as more Indians leaned into instant delivery for everyday essentials.
But wait, something else happened too…
Deepinder Goyal has stepped down as MD and CEO and is proposed to become Vice Chairman and Director.
Blinkit CEO Albinder Dhindsa has been named the new MD and CEO of Eternal, which is a twist considering Deepinder had reportedly asked him to step down twice after the Blinkit acquisition.
Meanwhile, Eternal noted District’s losses widened due to ongoing investments in building the category, but it expects losses to narrow sequentially and move toward breakeven in the next 4 to 6 quarters.
