Eternal's Quick Commerce Achieves Profitability; Dhindsa Replaces Goyal as CEO

• Eternal Ltd. reported a net profit of ₹102 crore and revenue of ₹16,315 crore for the December quarter, exceeding analyst polls.
• Deepinder Goyal has stepped down as MD & CEO, proposed to become Vice Chairman; Blinkit CEO Albinder Dhindsa is the new MD & CEO, pending shareholder approval.
• The Quick Commerce and Hyperpure businesses achieved Adjusted EBITDA profitability, with Quick Commerce reporting a ₹4 crore profit compared to a ₹156 crore loss previously.
• Eternal's net profit grew 57% year-on-year, revenue increased 20%, and EBITDA was up 54%.
• Quick Commerce net order value (NOV) surged 121% year-on-year, while the food delivery business NOV grew by 16.6%.

Why It Matters: Eternal's quick commerce business turned profitable, marking a significant financial milestone amid a major leadership change.