Eternal Shares Surge as Founder Deepinder Goyal Steps Down, Albinder Dhindsa Takes Charge

Eternal Ltd witnessed a sharp uptick in investor sentiment after founder and Group CEO Deepinder Goyal stepped down from his executive role. The announcement came alongside Eternal’s robust Q3 FY26 earnings, which reported a 73% rise in consolidated net profit to ₹102 crore.

The board confirmed that Albinder Singh Dhindsa, CEO of Blinkit, will assume the role of Group CEO from February 1, 2026. Goyal will continue as Vice Chairman and Director, focusing on long-term strategy and governance.

Key Highlights

Market Reaction:

• Shares of Eternal rose 5.8% in pre-open trade, reflecting investor optimism.

Leadership Transition:

• Deepinder Goyal resigns as CEO after nearly two decades.
• Albinder Dhindsa appointed as new Group CEO.
• Goyal to remain involved in strategic oversight as Vice Chairman.

Financial Performance:

• Q3 FY26 net profit surged 73% YoY to ₹102 crore.
• Revenue from operations jumped to ₹16,315 crore, up from ₹5,405 crore last year.

Strategic Outlook:

• Blinkit positioned as Eternal’s primary growth engine.
• Focus on scaling quick commerce and strengthening governance.

Sources: PTI, The Economic Times, Financial Express, Moneycontrol