Did Zomato's parent Eternal really achieve a 73% rise in Q3 net profit as CEO steps down?
Synopsis
In a surprising turn of events, Eternal, the parent company of Zomato, has reported a staggering 72.88% increase in its Q3 profit. This announcement comes alongside the resignation of CEO Deepinder Goyal, raising questions about the company's future direction under new leadership. Explore the details of this financial leap and what it means for the company.
Key Takeaways
Eternal's net profit rose by 72.88% in Q3 FY26.
Revenue surged over three-fold to Rs 16,315 crore.
Total expenses also increased significantly to Rs 16,493 crore.
Deepinder Goyal is resigning and will be succeeded by Albinder Dhindsa.
Shares of Eternal rose nearly 5% following the announcement.
Mumbai, Jan 21 (NationPress) The parent company of Zomato, Eternal, announced a remarkable increase of 72.88% in its consolidated profit for the third quarter (Q3) of FY26, driven by robust revenue growth.
According to an exchange filing, the company reported a consolidated net profit of Rs 102 crore in Q3 FY26, marking a significant rise from Rs 59 crore during the same period last financial year.
Eternal's net profit for the previous quarter (Q2 FY26), which spanned October to December, was Rs 65 crore.
During this quarter, consolidated revenue from operations skyrocketed, exceeding three-fold to Rs 16,315 crore, compared to Rs 5,405 crore in the year-ago quarter.
After rebranding from Zomato in March 2025, Eternal also experienced a substantial surge in expenses.
Total expenses for the Gurugram-based firm surged by 198% to Rs 16,493 crore in the December quarter, as opposed to Rs 5,533 crore a year prior and Rs 13,813 crore in the previous quarter.
By the end of the quarter, the company's cash reserves stood at Rs 17,820 crore, slightly down from Rs 18,314 crore in the September quarter, as per their exchange filing.
In the stock market, Eternal's shares surged, closing nearly 5% higher at Rs 282.80 per share.
Additionally, CEO Deepinder Goyal has announced his resignation effective from February 1, 2026.
As part of the financial results announcement, Eternal revealed that Albinder Dhindsa, the current CEO of Blinkit, will succeed Goyal.
In his address to shareholders, Goyal expressed that he has felt increasingly inclined towards innovative ideas that involve higher risks, experimentation, and exploration.
Point of View
The impressive profit surge reported by Eternal highlights the company's resilience and adaptability in a challenging market. However, the resignation of CEO Deepinder Goyal introduces uncertainty that could impact investor confidence. As always, we remain committed to providing clear and unbiased reporting to our audience.
NationPress
12 May 2026
Frequently Asked Questions
What was the profit increase for Eternal in Q3 FY26?
Eternal reported a remarkable profit increase of 72.88% in Q3 FY26.
Who is the new CEO of Eternal?
Albinder Dhindsa, currently the CEO of Blinkit, is set to take over as the new CEO of Eternal.
How did Eternal's revenue perform in Q3 FY26?
Eternal's consolidated revenue surged to Rs 16,315 crore , more than tripling from Rs 5,405 crore a year ago.
What were Eternal's total expenses in Q3 FY26?
Total expenses for Eternal jumped by 198% to Rs 16,493 crore in the December quarter.
Why did CEO Deepinder Goyal resign?
Deepinder Goyal expressed a desire to explore new ideas involving higher risks and experimentation, leading to his resignation.
