Tag: Eternal

Categories
Corporate

Eternal profit jumps 346% in Q4 to ₹174 cr

Eternal, the parent company of Zomato and Blinkit, reported a sharp rise in profit for the January-March quarter, with net profit surging 346% year-on-year to ₹174 crore. The strong earnings were supported by rapid growth in its quick commerce arm Blinkit and steady performance in food delivery.

Revenue from operations also saw a major jump, rising 196% to ₹17,292 crore during the quarter compared with the same period last year. The results underline strong demand across Eternal’s businesses as more consumers continue to rely on app-based food, grocery and convenience services.

Blinkit remained the company’s biggest growth driver. The platform, which offers quick delivery of groceries and daily essentials, has expanded aggressively as demand for instant delivery services rises in urban markets. Analysts said Blinkit’s wider network, improving efficiency and growing order volumes played an important role in boosting the group’s overall performance.

Along with Blinkit, Eternal’s food delivery business also continued to provide stable growth. Zomato remains one of India’s largest food ordering platforms and continues to benefit from higher order frequency and a broader restaurant network.

Eternal, which recently changed its corporate identity from Zomato, now operates multiple consumer-focused businesses. These include food delivery, quick commerce, restaurant supplies through Hyperpure and lifestyle services under District. The broader portfolio is helping the company diversify beyond its original food delivery model.

The company’s shares remained in focus after the earnings announcement, with investors reacting positively to the stronger numbers. Analysts believe Blinkit’s continued growth and the mature food delivery business could support future earnings momentum.

Market experts said the latest quarter reflects a more balanced business strategy, where Eternal is focusing not only on expansion but also on profitability. This has been a key concern for investors in India’s highly competitive internet commerce sector.

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Categories
1 Minute-Read

Eternal shares soar 7% on heavy trading

Eternal Ltd’s stock jumped 7 % on Tuesday, with unusually high trading volumes of around 9.9 crore shares on the NSE. The rally followed strong third-quarter results, with net profit rising 73 % to ₹102 crore and revenue more than tripling year-on-year.

Market activity was also supported by a large block deal worth roughly ₹344 crore. Recent company developments, including a change in CEO and the closure of a subsidiary, have kept investors’ attention on the stock.

Over the past month, Eternal shares have gained around 6.6 %, reflecting growing confidence in the company’s growth trajectory.

Categories
Leaders

Deepinder Goyal steps down as Eternal CEO

Deepinder Goyal, founder and Chief Executive Officer of Eternal Limited, has announced his decision to step down as CEO with effect from February 1, 2026. The company’s board has approved the appointment of Albinder Dhindsa, currently CEO of quick-commerce platform Blinkit, as his successor.

Goyal will continue to remain associated with Eternal in a strategic capacity and is set to take on the role of Vice Chairman and Director, subject to shareholder approval. In this role, he will focus on long-term vision, governance and new initiatives, while moving away from daily operational responsibilities.

In his communication to stakeholders, Goyal said the decision was driven by his desire to explore new ideas and undertake higher-risk experimentation that is difficult to pursue while running a large, listed company. He added that separating operational leadership from strategic oversight would help Eternal maintain sharper execution as it scales its businesses.

Eternal is the parent company of Zomato and Blinkit and has been expanding its footprint across food delivery and quick commerce. The leadership change comes at a time when the company has reported strong financial performance, with steady growth in revenues and profitability in recent quarters, supported by improved efficiencies and rising demand across its platforms.

Albinder Dhindsa’s elevation is seen as a move towards leadership continuity. Since joining the group, Dhindsa has played a key role in building Blinkit into a major quick-commerce player following its acquisition. As Group CEO, he will oversee day-to-day operations, execution of business strategies, and coordination across Eternal’s various verticals.

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