Eternal’s Zomato-Blinkit growth story adds a CEO succession signal

A results roundup flags strong profit and revenue growth at Eternal, Zomato and Blinkit’s parent, alongside a planned leadership transition from Deepinder Goyal to Albinder Singh Dhindsa. Blinkit expansion, potential fundraising and sharper quick-commerce competition remain key watchpoints.

— FiledFri, 18 Sept, 2026, 11:47 IST·First seen Fri, 18 Sept, 2026, 11:46 IST·Source ET Retail

What happened

Eternal, operator of Zomato and Blinkit, reported sharp profit and revenue growth, alongside a CEO succession from Deepinder Goyal to Albinder Singh Dhindsa.

Key facts

  • 73% year-on-year increase in consolidated profit to Rs 102 crore
  • 201% rise in revenue to Rs 16,315 crore
  • 66% projected year-on-year increase in Q3 revenue
  • Q2 profit after tax up 389% year on year to Rs 176 crore
  • Q2 revenue up 68%
  • stock surge of 260%

Why this matters

Eternal’s leadership handover and possible capital raise signal that Blinkit is entering a more strategic scale phase, creating partnership and consolidation opportunities across quick commerce.

What to watch

  • Formal announcement of Deepinder Goyal's transition timeline and Albinder Singh Dhindsa's mandate.
  • Blinkit dark-store additions, city expansion pace and order-growth disclosures.
  • Sequential changes in Blinkit's contribution margin, adjusted EBITDA losses and cash burn.
  • Fundraising terms, valuation, strategic investors and stated use of proceeds.
  • Competitor actions from Zepto, Swiggy Instamart, Amazon and Flipkart, especially discounting and delivery-fee changes.
  • Any reduction in food-delivery profitability or cash generation used to fund quick-commerce expansion.
  • Clarify post-transition operating roles, decision rights and board oversight for Zomato and Blinkit.
  • Set explicit Blinkit targets for store expansion, contribution margin, cash burn and break-even timing.
  • Use any fundraising to prioritize high-density markets and supply-chain capability rather than broad subsidy-led expansion.
  • Defend customer retention through assortment, reliability and memberships while limiting indiscriminate discounting.
  • Communicate consolidated capital-allocation guardrails to reduce concerns that quick-commerce losses will dilute food-delivery profitability.