Key Highlights

• Q3 FY26 net profit rises 73 percent year on year to ₹102 crore

• Revenues more than triple compared to the same quarter last year

• Strong operating leverage and improving unit economics visible

• Founder and CEO Deepinder Goyal steps down from the top role

• Blinkit CEO Albinder Dhindsa appointed as new CEO

• Signals shift towards execution led and efficiency focused growth

Strong Q3 FY26 Performance Signals Financial Turning Point

Eternal Ltd, formerly known as the parent company of Zomato, reported a robust set of results for the third quarter of FY26. The company posted a 73 percent year on year jump in consolidated net profit to ₹102 crore. This improvement was supported by a sharp acceleration in revenues, which more than tripled compared to the same period last year.

The numbers highlight a clear improvement in operating leverage as scale benefits begin to reflect more strongly in the company’s financials. Higher volumes, better cost control, and improved contribution margins across platforms played a key role in lifting profitability.

Shift From High Growth to Efficiency Focus

The sharp rise in profits reflects Eternal Ltd’s steady shift away from a high burn, growth at all costs strategy to a more disciplined and efficiency driven operating model. While revenues continue to grow strongly, tighter control on costs and better unit economics have helped improve the bottom line.

Newer business verticals are also moving closer to breakeven, which has strengthened the overall financial profile of the company. For investors, the combination of strong revenue growth and rising profits suggests a structural improvement rather than a one time earnings boost.

Founder Exit Marks End of an Era

The quarter was also marked by a major leadership development. Founder and Chief Executive Officer Deepinder Goyal announced his resignation from the top role to pursue new ventures.

Founder exits in technology driven companies are often closely watched by markets, as founders usually play a key role in shaping long term strategy and culture. In this case, the timing of the exit alongside improving financial performance points to a planned and orderly transition rather than a move driven by business stress.

Albinder Dhindsa Takes Over as CEO

To ensure continuity, the board appointed Albinder Dhindsa, currently the CEO of Blinkit, as the new Chief Executive Officer of Eternal Ltd.

This appointment highlights the company’s growing focus on execution heavy and logistics driven businesses. Quick commerce has emerged as a key growth engine for the group, with Blinkit showing rapid scale up and improving unit economics. Elevating Dhindsa reflects confidence in his ability to manage complex operations and drive efficiency.

Strategic Direction Going Forward

The leadership change may also signal a gradual shift in strategic focus. While food delivery remains the core business, quick commerce is becoming an important driver of customer engagement, order frequency, and long term growth potential.

With Dhindsa’s experience in scaling Blinkit, the company’s next phase is likely to prioritise predictable cash flows, operational efficiency, and deeper market penetration rather than aggressive expansion.

Market View and Outlook

Founder exits often create short term uncertainty, but they can also mark a natural evolution as companies mature. In Eternal Ltd’s case, the strong Q3 FY26 performance provides confidence that the business is on stable footing as it enters this transition phase.

Overall, Eternal Ltd appears to be at an inflection point. Rising profitability highlights improving business fundamentals, while the leadership transition points to a more execution focused growth strategy. How effectively the company balances continuity with strategic evolution under its new CEO will be closely watched in the coming quarters.