Deepinder Goyal, the face of Zomato for over 15 years, will step down as Managing Director and Chief Executive Officer of Eternal Limited—the listed parent of Zomato and Blinkit—with effect from the close of business on February 1, 2026. The announcement came with the latest Q3 earnings of Eternal as a regulatory note.
Eternal’s board, at its meeting on January 21 , formally accepted Goyal’s resignation as Director, Managing Director and CEO, and approved a broader reshuffle at the top.
Albinder Singh Dhindsa, currently CEO of quick‑commerce arm Blinkit, has been appointed Chief Executive Officer and Key Managerial Personnel of Eternal with effect from February 1, 2026.
Goyal to be Vice Chairman of Eternal board
The board has also recommended that Goyal move upstairs as Vice Chairman and Director on the company’s board for a five‑year term, subject to shareholder approval.
Eternal, earlier known as Zomato Limited, also posted the unaudited third-quarter results.
The company reported that group‑wide adjusted revenue for Q3 FY26 jumped 190 per cent year‑on‑year to Rs 16,692 crore, driven largely by a change to own‑inventory accounting in Blinkit and strong underlying growth across businesses.
On a like‑for‑like basis, stripping out accounting changes and non‑restaurant Hyperpure revenue, adjusted revenue still soared 64 per cent year‑on‑year.
Consolidated adjusted EBITDA spiked 28 per cent year‑on‑year to Rs 364 crore. Food delivery NOV (net order value) ballooned by 16.6 per cent year‑on‑year to Rs 9,846 crore, with adjusted EBITDA margin hitting an all‑time high of 5.4 per cent.
Blinkit, Hyperpure turn profitable
The Blinkit quick‑commerce business saw NOV surge 121 per cent year‑on‑year to Rs 13,300 crore, turning the adjusted EBITDA positive to Rs 4 crore for the quarter from a loss of Rs 156 crore in the last quarter.
B2B supply arm Hyperpure delivered 33 per cent year‑on‑year jump in its restaurant business and posted its first adjusted EBITDA profit of around Rs 1 crore.
Overall B2C net order value (combining food delivery, quick commerce and going‑out) soared 54.8 per cent year‑on‑year to Rs 25,732 crore, taking Eternal’s consumer business past the Rs 1 lakh crore annualised NOV mark.
Eternal shares closed 4.9 per cent higher at Rs 282.80 on the NSE on Wednesday. The intraday rally helped the Zomato parent to almost edge out its YTD drip in stock price.