Online delivery firm Eternal reported a profit of Rs 102 crore, up 72.88%, from Rs 59 crore reported in QFY26.
The online delivery firm, which operates food delivery unit Zomato and quick commerce firm Blinkit has reported a revenue from operations stood at Rs 16,315 crore, up 201.85%, from Rs 5,405 crore reported in Q3FY25.
On a sequential basis, the company has reported an increase of 56.92% in its net profit from Rs 65 crore reported in Q2FY25. Revenue has increased 20.05% QoQ from Rs 13,590 crore reported in Q2FY26.
Deepinder Goyal steps down as Eternal Group CEO
Deepinder Goyal has resigned from the role of director, managing director and CEO effective February 1. Goyal will continue on the company’s board as Vice Chairman. The company has recommended his appointment as Vice Chairman & Director on the board for a five-year term, effective upon shareholders’ approval.
Albinder Dhindsa, currently of CEO-Blinkit, will take over as Eternal’s new Group CEO.
Goyal, in a letter to shareholders, said that in recent times he has been increasingly drawn towards high-risk ideas that require experimentation. According to him, such ideas are better pursued outside a listed company like Eternal.
“This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal’s risk profile,” he said.
“We’re not expecting sudden acceleration – there’s no specific tailwind out there that would drive windfall growth. That said, we do expect YoY growth to inch up gradually towards 20% over time. That will come from two things: modest market share gains, and the compounding effect of persistent focus on affordability and selection. Nothing dramatic – just consistent execution adding up,” Goyal said in his letter.
Key highlights from Q3FY26
Total expenses of Eternal also shot up to Rs 16,493 crore in the quarter from Rs 5,533 crore a year ago.
Quick commerce margin guidance of 5–6% of NOV remains intact, with mature markets like Gurgaon and Noida already near this range.
Management said competitive intensity remains elevated but has not materially impacted business quality or market share so far.
Food delivery growth is expected to gradually move towards approximately 20% YoY, driven by steady execution rather than any single tailwind.