Shares of Eternal Ltd, parent of quick-commerce platform Blinkit, fell to a five-month low after reports confirmed the resignation of Blinkit’s Chief Financial Officer, Vipin Kapooria. His departure, just a year after joining, has raised investor concerns about leadership stability amid intensifying competition in India’s quick-commerce sector.
India’s Eternal Ltd witnessed a sharp decline in its stock price on December 30, 2025, following reports that Vipin Kapooria, CFO of Blinkit, has stepped down. Kapooria, a former Flipkart executive, had joined Blinkit in 2024 and played a key role in strengthening its financial operations. His exit comes at a time when the quick-commerce industry is facing heightened competition, with rivals like Zepto filing for a massive IPO.
Key highlights from the announcement include
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Eternal shares fell as much as 2.6% intraday, hitting Rs 275.55 on the BSE, their lowest level in over five months.
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On NSE, the stock traded 1.5% lower at Rs 278.55, with more than 8 million shares changing hands.
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Kapooria is reportedly set to return to Flipkart in a senior finance role.
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His resignation comes days after Zepto filed preliminary papers with SEBI to raise Rs 11,000 crore through an IPO.
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Blinkit has not issued a formal statement regarding the leadership change.
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Investor concerns center around leadership stability at Blinkit, which is a key growth engine for Eternal’s quick-commerce strategy.
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Analysts note that Kapooria’s departure could impact investor sentiment in the short term, though Blinkit’s market position remains strong.
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The quick-commerce sector continues to face intense competition, with players focusing on expansion, faster delivery, and profitability.
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Eternal’s broader portfolio, including food delivery operations, may help cushion the impact of Blinkit’s leadership transition.
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Market watchers believe the company’s ability to quickly appoint a new CFO will be critical in restoring investor confidence.
The resignation of Blinkit’s CFO has underscored the challenges facing India’s quick-commerce industry, where leadership stability and financial discipline are crucial for growth. Eternal’s stock reaction reflects investor sensitivity to management changes, especially in high-growth verticals. The coming weeks will be pivotal as the company navigates leadership transition and competitive pressures.
Sources: Free Press Journal, Moneycontrol, YourStory, Money Times, Fortune India, NewsBytes
