Zomato Q3 Results: Eternal’s Net Profit Soars 73% to Rs102 Cr, Revenue Up 201%; Deepinder Goyal Resigns as CEO

Eternal, the parent company of food delivery and quick commerce major Zomato, reported strong financial results for the October-December quarter of FY26, even as it announced a major leadership change at the top. Deepinder Goyal has resigned as Eternal's Managing Director (MD) and Chief Executive Officer (CEO), according to an exchange filing, even as the company posted a sharp rise in profits and revenue during the quarter.

Zomato Q3 Results Today: Eternal's Net Profit Jumps 73% to Rs 102 Crore; Revenue Soars Over Threefold

According to the company's consolidated financial statements, Eternal's net profit surged 73 per cent year-on-year to Rs 102 crore in the third quarter of FY26, compared with Rs 59 crore in the corresponding quarter of the previous financial year. The strong earnings performance was driven by rapid growth in core operations and improving margins across its quick commerce business.

Revenue from core operations rose sharply during the quarter, recording a 201 per cent year-on-year increase to Rs 16,315 crore, compared with Rs 5,405 crore in the same period last year. The substantial jump reflects scale expansion, higher order volumes and improving unit economics across Eternal's platforms.

The company said growth momentum remained strong despite regulatory changes and seasonal factors impacting consumer demand.

Quick Commerce Continues Strong Growth

Eternal's quick commerce segment delivered robust performance during the quarter. Net Order Value (NOV) grew 121 percent year-on-year and 14 percent quarter-on-quarter, even as the business navigated GST changes and seasonal softness.

On a like-for-like basis, NOV growth exceeded 130 percent year-on-year, underscoring sustained consumer demand and deeper market penetration. During the quarter, the company added 211 net new stores, taking the total store count to 2,027 stores by the end of December. This fell slightly short of management's earlier guidance of 2,100 stores.

Eternal EBITDA Turns Positive for the First Time

A key highlight of the quarter was the improvement in profitability metrics. Adjusted EBITDA margin, measured as a percentage of NOV, turned positive for the first time on a quarterly basis, with the company reporting an Adjusted EBITDA profit of Rs 4 crore. This marked a sharp turnaround from an Adjusted EBITDA loss of Rs 156 crore in the previous quarter.

Deepinder Goyal Resigns As MD and CEO of Zomato Parent Company, Eternal Limited

As part of the leadership reshuffle, Deepinder Goyal's resignation as MD and CEO will be effective from 1 February 2026, according to company filings. Following this, Goyal will be appointed as Vice Chairman and Director of Eternal, subject to shareholder approval.

The company said Goyal will serve as Vice Chairman & Director for a period of five years, effective from the date of shareholder approval. In his new role, he is expected to focus on long-term strategy, governance and growth initiatives at the parent company level.