Eternal, the parent of Zomato and Blinkit, reported a sharp jump in December-quarter profit and revenue, driven by strong growth in quick commerce and improving operating leverage across businesses
Alongside the Q3 FY26 results, Deepinder Goyal said he would step down as Eternal's Group CEO to pursue higher-risk experimentation, with Blinkit chief Albinder Dhindsa set to take over
Zomato and Blinkit parent Eternal has announced a leadership transition, with founder Deepinder Goyal stepping down as group CEO and Blinkit chief Albinder Dhindsa set to take charge from February 1
This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal's risk profile, Goyal said
Goyal's decision is subject to shareholders' approval, and he will continue to remain on the board of directors as Vice Chairman
In the previous three trading days, the stock price of Eternal had slipped 8 per cent from ₹294.50 to ₹269.95 on Tuesday.
Q3FY26 company results: Firms including Bank of India, Jindal Stainless, PNB Housing Finance, and Tata Communications are also to release their October-December earnings reports today
Stocks to watch today, Wednesday, January 21, 2026: Cyient DLM, Shoppers Stop, HDFC Bank, Tata Steel, and Vikram Solar are among other key stocks to track today.
Zomato has leased over 270,000 sq ft of office space at Tata Realty's Intellion Park in Gurugram at a monthly rent of Rs 2.33 crore, amid strong office demand across India's top cities
Stocks to buy today: Vedanta seen benefiting from base metals rally and demerger-led value unlock; Eternal (Zomato) to gain from Blinkit scale-up and margin expansion
Eternal Q3 results date: Analysts and investors will watch out for guidance related to the outlook on competition intensity, Blinkit, food delivery gross order value (GOV) growth, and margin
Delivery workers say companies have not communicated any changes to timelines or incentives, even as quick-commerce platforms remove 10-minute delivery claims from consumer-facing apps
The Gig Workers Association on Tuesday welcomed the decision by quick commerce platforms to roll back the ten-minute delivery promise, saying the move recognises that extreme delivery timelines put unsafe pressure on delivery workers. In a statement, the association said the ten-minute delivery model forced workers to rush, take risks on the road and work long hours due to constant pressure created by incentives, ratings and order allocation on apps. "However, workers are often paid the same amount for a multi-order delivery as for a single order. In one such case, a worker was paid only Rs 19.30 for delivering two orders together. This increases risk and workload without any additional compensation," it said. The association further said that the creation of a permanent institutional mechanism for collective dialogue between workers, platforms, and the government is a necessity. Adding that such a mechanism is necessary to address concerns in advance, ensure worker safety and ...
Union Labour Minister Mansukh Mandaviya reportedly held a series of meetings with quick-commerce companies and urged them to discontinue the branding associated with ultra-fast deliveries
Eternal has increased room to receive foreign investment, which may help the stock to achieve full weightage in MSCI Index, according to media reports.
Competitive pressure in quick commerce to intensify in 2026
Stocks to Watch today, January 9, 2026: Eternal, Tata Motors CV, Bajaj Finserv are among key stocks that will be on investors' radar today
Eternal, the parent entity of Zomato and Blinkit, on Thursday received two Goods and Services Tax (GST) demand orders amounting to over Rs 27.56 crore, including interest and penalty. The orders passed by the Additional Commissioner of State Tax (Appeals), West Bengal, have been received with respect to short payment of output tax for the period between April 2020 and March 2022. The company will file an appeal against the order before the appropriate authority. "This is to inform that the Company has received two orders on 8 January 2026 for the period April 2020 to March 2022 passed by Additional Commissioner of State Tax (Appeals), West Bengal, confirming total demand of GST of Rs 16,72,34,030 with interest of Rs 9,16,48,814 and penalty of Rs 1,67,23,404," Eternal informed in a regulatory filing. We believe that we have a strong case on merits, which is backed by opinions from our external legal and tax advisors. The Company will be filing an appeal against the order before the
Stocks to Watch today, January 8, 2026: From Tata Steel to Cipla, here is a list of stocks that will be on investors' radar
Eternal, the parent entity of Zomato and Blinkit, has received a goods and services tax (GST) demand order, along with interest and penalty, amounting to Rs 3,69,80,242 for the period April 2019 to March 2020. The order was passed by the Additional Commissioner of State Tax (Appeals), West Bengal. The demand order has been received with respect to short payment of output tax with interest and penalty thereon, Eternal said in a regulatory filing late on Tuesday evening. The company said it believes it has a strong case on merits, and will file an appeal against the order before the appropriate authority. In the regulatory filing, Eternal stated it "has received an order on 6 January 2026 for the period April 2019 to March 2020 passed by Additional Commissioner of State Tax (Appeals), West Bengal confirming demand of GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and penalty of Rs 19,24,380".