Results · Commerce & Consumer Brands

Eternal posts Q3 profit jump, CEO steps down

By Startup Enthusiast · 21 January 2026

What they do

Eternal operates Zomato, Blinkit, District and Hyperpure

Q3 net profit rose 73% to ₹102 Cr; revenue surged 202% to ₹16,315 Cr

Deepinder Goyal resigned as MD and CEO; Albinder Dhindsa takes over

Eternal reported its Q3 FY26 results on 21 January 2026.
Consolidated net profit was ₹102 Cr, up 73% from ₹59 Cr a year ago.
Operating revenue reached ₹16,315 Cr, a 202% jump from ₹5,405 Cr YoY.
Total expenses were ₹16,498 Cr, up 198% YoY.
Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was ₹364 Cr, up 28% YoY.
Cash balance stood at ₹17,820 Cr at quarter end.
The company is on track to cross ₹50,000 Cr in revenue for full FY26.
Deepinder Goyal resigned as MD and Group CEO, effective 1 February 2026; Albinder Dhindsa appointed CEO.

Blinkit, the quick commerce arm, posted operating revenue of ₹12,256 Cr, up 776% YoY.
Blinkit turned profitable with an adjusted EBITDA profit of ₹4 Cr versus a loss of ₹156 Cr in Q2.
Zomato's food delivery business saw operating revenue of ₹2,676 Cr, up 29% YoY.
District, the going-out business, reported an operating loss of ₹114 Cr, up multifold YoY.
Hyperpure revenue fell 36% YoY to ₹1,070 Cr, but it posted a small adjusted EBITDA profit of ₹1 Cr.

Eternal operates Zomato (food delivery), Blinkit (quick commerce), District (going-out events), and Hyperpure (B2B restaurant supply).
Blinkit shifted from a marketplace model to an inventory-led model earlier in FY26.
About 90% of Blinkit's net order value now comes from its own inventory; 10% remains marketplace.
Blinkit removed its '10-minute delivery' claim after the Union labour ministry intervened.
Hyperpure serves as the sourcing backbone for Zomato, Blinkit, and Bistro.
Eternal targets 100% EV-based food deliveries by 2030 and net-zero emissions by 2033.
The company is headquartered in Gurugram.

Blinkit aims to open 3,000 dark stores by March 2027; could reach 3,500–4,000 if competition moderates.
Blinkit expects full benefit of the inventory-led model margin in 6–9 months.
District expects breakeven in 4–6 quarters and targets a 5% adjusted EBITDA margin by FY30.
Hyperpure could grow to a $1 Bn top line in 3 years with 4–5% adjusted EBITDA margin.