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Eternal CEO Steps Down Amidst Profit Surge
21 Jan
Summary
- Eternal's net profit surged 73% to Rs 102 crore in Q3 FY26.
- Revenue from core operations increased 201% year-on-year to Rs 16,315 crore.
- Deepinder Goyal resigned as MD and CEO, will become Vice Chairman.
Eternal, the parent company of Zomato, announced impressive financial results for the third quarter of FY26, with net profit soaring by 73% to Rs 102 crore. This growth outpaced the Rs 59 crore recorded in the same period last year, largely fueled by robust expansion and improved margins in its quick commerce operations.
Revenue from core operations experienced a dramatic surge of 201%, reaching Rs 16,315 crore compared to Rs 5,405 crore year-on-year. The quick commerce segment also demonstrated strong momentum, with Net Order Value (NOV) growing 121% year-on-year. The company added 211 new stores, bringing its total to 2,027 by the end of December.
Notably, Eternal achieved a positive Adjusted EBITDA of Rs 4 crore for the first time on a quarterly basis, a significant turnaround from a loss of Rs 156 crore in the previous quarter. In parallel with these financial achievements, Deepinder Goyal has resigned as Eternal's Managing Director and CEO, effective February 1, 2026. He is slated to become Vice Chairman and Director, concentrating on the parent company's long-term strategy.
