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Eternal's Q3 Profit Soars 73% Amid CEO Deepinder Goyal's Surprise Exit

Eternal, the parent company of Zomato, reported a 72.88% year-on-year jump in consolidated net profit for Q3 FY26, reaching Rs 102 crore. The company's revenue from operations more than tripled to Rs 16,315 crore during the quarter, though total expenses also surged by 198%. In a major leadership change, CEO and founder Deepinder Goyal announced his resignation, effective February 1, 2026. Blinkit CEO Albinder Dhindsa has been appointed as the new chief executive of the rebranded company.

Key Points: Eternal Q3 Profit Jumps 73%, CEO Deepinder Goyal Resigns

  • 73% profit surge to Rs 102 crore
  • Revenue triples to Rs 16,315 crore
  • CEO Deepinder Goyal resigns effective Feb 2026
  • Albinder Dhindsa named new CEO
  • Expenses jump 198% to Rs 16,493 crore
2 min read

Zomato parent Eternal clocks 73 pc rise in Q3 net profit as CEO departs

Zomato parent Eternal reports 73% rise in Q3 net profit to Rs 102 crore. CEO Deepinder Goyal resigns, to be replaced by Blinkit's Albinder Dhindsa.

Zomato parent Eternal clocks 73 pc rise in Q3 net profit as CEO departs
"I have recently been drawn towards new ideas that involve higher levels of risk, experimentation and exploration. - Deepinder Goyal"

Mumbai, Jan 21

Zomato parent Eternal on Wednesday reported a sharp jump of 72.88 per cent in its consolidated profit for the December quarter of FY26, helped by strong growth in revenue.

The company said its consolidated net profit rose 72.88 per cent year-on-year to Rs 102 crore in Q3 FY26, compared with Rs 59 crore in the same quarter last financial year, according to an exchange filing.

Eternal had also posted a net profit of Rs 65 crore in the October-December quarter of the current financial year (Q2 FY26).

Consolidated revenue from operations surged during the quarter, more than tripling to Rs 16,315 crore from Rs 5,405 crore in the year-ago period.

Eternal, which rebranded itself from Zomato in March 2025, also saw a sharp rise in expenses.

Total expenses for the Gurugram-based company jumped 198 per cent to Rs 16,493 crore in the December quarter, compared with Rs 5,533 crore a year earlier and Rs 13,813 crore in the previous quarter.

At the end of the quarter, the company's cash balance stood at Rs 17,820 crore, slightly lower than Rs 18,314 crore reported in the September quarter, as per its exchange filing.

In the stock market, shares of Eternal ended the session sharply higher. The stock settled nearly 5 per cent up at Rs 282.80 per share.

Meanwhile, its CEO Deepinder Goyal resigning from his position with effect from February 1, 2026.

Along with the announcement of its financial results, the company, which re-branded itself as Eternal in March 2025, said Albinder Dhindsa, who is currently the CEO of Blinkit, will take over as the new chief executive.

Addressing shareholders, Goyal said he has recently been drawn towards new ideas that involve higher levels of risk, experimentation and exploration.

- IANS

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Reader Comments

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Priya S
Deepinder Goyal built Zomato from scratch. It's sad to see him go, but wishing him all the best for his new adventures! 🚀 Albinder Dhindsa has done great with Blinkit, so hopefully the quick commerce magic continues.
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Aman W
Profit is up, but look at the expenses! Over 16,000 crore? That's insane. Where is all this money going? Delivery partner costs? Advertising? As a shareholder, I want more clarity on the path to profitability, not just top-line growth.
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Sarah B
The rebrand to 'Eternal' still feels a bit odd, but you can't argue with these results. The stock jump makes sense. As a frequent user, I just hope service quality and app experience keep improving with all this cash they have.
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Karthik V
Blinkit's CEO taking over is a clear signal. The future is quick commerce - groceries in 10 minutes. Zomato food delivery is now the steady base, but Blinkit is the growth rocket. Smart move by the board.
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Nisha Z
Good to see an Indian startup posting solid profits. We need more such stories. But I hope with this growth, they also improve working conditions for their delivery partners. That's the real foundation of their success.

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