Eternal (ETEA.NS) shares rose on Thursday after its quick-commerce arm Blinkit broke even, a milestone that boosted investor confidence in the company’s ability to hold firm in India’s fast-growing rapid delivery market.
The stock jumped as much as 8% during the session, but lost most of the gains and was trading down by 0.92% at ₹280.90.
The move followed a strong quarterly update from Eternal, including higher profit and a sharp swing in Blinkit’s adjusted performance.
The company also announced a leadership change that will take effect from February 1.
Blinkit breaks even in India quick commerce
Eternal said Blinkit posted adjusted core earnings of 40 million rupees in the third quarter, compared with a loss of 1.56 billion rupees in the previous quarter.
The shift is significant as India’s quick commerce market has become one of the most competitive consumer sectors, with rapid expansion, tighter delivery timelines, and aggressive spending among major players.
With competition building, investors have been looking for signs that leading platforms can improve unit economics without slowing growth.
Blinkit’s break-even result strengthens the view that it can deliver operational progress even in a crowded market.
Q3 profit jumps as earnings strengthen
Eternal reported a 73% rise in third-quarter profit to 1.02 billion rupees ($11.2 million), reinforcing the positive market response.
The profit growth suggests the company is improving its earnings base while continuing to scale a business segment that remains under pressure across the industry.
For investors, the combination of higher group profit and Blinkit’s adjusted swing helps ease concerns over whether fast delivery expansion will weigh heavily on overall financial performance.
CEO handover puts Blinkit chief in charge
Eternal also said founder and CEO Deepinder Goyal will step down after 18 years, effective February 1, and take on the role of vice chairman.
Albinder Dhindsa, the head of Blinkit, will take over as chief executive.
The transition is notable because Blinkit is central to Eternal’s growth plans and investor expectations, especially as competition remains intense across India’s quick commerce space.
The leadership shift indicates that Eternal is putting Blinkit’s execution leadership at the forefront, while keeping strategic continuity through Goyal’s new role.
Experts stay bullish on Blinkit profits
Eternal posted stronger-than-expected Q3 results, with Blinkit and Hyperpure achieving adjusted EBITDA breakeven ahead of estimates, according to Nuvama Institutional Equities.
The brokerage said Deepinder Goyal’s move from CEO to vice chairman aims to avoid conflicts as he pursues outside ventures.
Nuvama raised FY26 and FY27 EPS estimates by 41% and 2.3%, maintained a ‘Buy’ rating, and increased its target price to ₹430.
Motilal Oswal also reiterated a ‘Buy’ call, citing stability in food delivery and Blinkit’s long-term potential, but cut its target to ₹360 amid competitive pressures.
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