Eternal net up 73%; Dhindsa replaces Goyal as CEO
Bengaluru/new delhi, Jan. 22 -- Eternal Ltd, parent company of food delivery service Zomato and quick commerce service Blinkit, reported 73% growth in consolidated net profit year-on-year (y-o-y) to Rs.102 crore for the December quarter. Consolidated revenue from operations for the quarter more than tripled to Rs.16,315 crore from Rs.5,405 crore in the same quarter last year. However, Blinkit missed its dark store expansion targets.
In a surprise move, managing director (MD) and chief executive officer (CEO) Deepinder Goyal announced he is stepped down from his role. Blinkit CEO Albinder Dhindsa will take over from him from February 1, while Goyal will be appointed vice chairman.
Blinkit achieved adjusted-Ebitda (earnings before interest, t...
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