ZOMATO.NS Stock Today: January 21 Goyal Resigns, Blinkit Drives Q3
Deepinder Goyal resignation from Eternal takes effect on 1 February, with Blinkit CEO Albinder Dhindsa named successor after strong Q3 numbers. The group posted 202% year-on-year revenue growth to ₹16,315 crore and a 73% rise in net profit to ₹102 crore, with Blinkit breakeven on adjusted EBITDA. We outline what this could mean for ZOMATO.NS, how Zomato share price may react in the next session, and the key drivers for India investors to watch.
Leadership change: implications for investors
Eternal announced the Deepinder Goyal resignation and confirmed Albinder Dhindsa, Blinkit’s CEO, as the incoming group chief from 1 February. The shift follows a rapid scale-up in quick commerce under Dhindsa. The market will gauge continuity across Zomato, Blinkit, and Hyperpure. Details are in the company announcement reported by the Economic Times here.
The news landed post-market on 21 January, so Zomato share price will likely price the move at the open. We will watch pre-open order depth, delivery-based volumes, and any management commentary. The Deepinder Goyal resignation may cause initial volatility, but direction should hinge on how investors rate Dhindsa’s execution record at Blinkit and visibility on profitability.
Dhindsa built Blinkit’s hyperlocal network and scaled dark stores. That operator background suggests focus on unit economics, delivery times, and assortment. We expect no sudden product shifts across Zomato or Blinkit. The Deepinder Goyal resignation puts spotlight on board oversight and leadership bench strength, which will matter for confidence in execution during the next phase of growth.
Q3 snapshot: Blinkit steers growth and profitability
Q3 revenue rose 202% year-on-year to ₹16,315 crore, while net profit increased 73% to ₹102 crore. Strong quick-commerce contribution lifted the top line, with improving cost discipline helping the bottom line. These figures were reported in Moneycontrol’s live blog of Q3 results here.
Management indicated Blinkit breakeven on adjusted EBITDA in Q3. That supports a path to sustained profitability if order frequency, basket size, and fulfilment costs hold. Investors will track dark store density and delivery fee experiments. The Deepinder Goyal resignation places Albinder Dhindsa’s playbook at the center, making execution on assortment and on-time rates even more important to sentiment.
While quick commerce led growth, the core delivery marketplace and Hyperpure supply chain remain key pillars. We will watch take-rate stability, partner incentives, and restaurant churn. Hyperpure’s scale-up can aid margins if procurement efficiencies rise. Zomato share price reaction will depend on whether these businesses show steady profitability alongside Blinkit’s gains, not only on leadership headlines.
Valuation view, catalysts, and risks
After a strong run in India internet names, multiples remain sensitive to leadership signals. The Deepinder Goyal resignation creates a short-term sentiment test. Clear guidance from Albinder Dhindsa on growth and profitability can support valuation, while any uncertainty on Blinkit’s trajectory could compress the premium. Watch commentary on capital allocation, cash burn, and profitability cadence.
Key supports include updated profitability timelines for Blinkit, dark store expansion pace, and growth in repeat cohorts. Any traction in Hyperpure margins and steady unit economics in food delivery will help. Management remarks in the coming days, plus any product or fee changes, could move Zomato share price as investors recalibrate expectations for FY26.
Top risks include intense quick-commerce competition, potential regulatory changes on delivery fees, and execution risk in scaling dark stores. Macros like consumer demand and fuel costs also matter for delivery economics. If cohort behavior weakens or incentives rise, margin progress could slow. The Deepinder Goyal resignation adds a leadership transition layer investors must price carefully.
How we would approach the next session
Expect elevated opening volatility as news gets priced. We will monitor pre-open indications, cash volumes versus derivatives, and management communication. For investors, avoid impulsive trades on headlines alone. Focus on the Q3 data, Blinkit breakeven sustainability, and clarity from Albinder Dhindsa. The Deepinder Goyal resignation is important, but medium-term returns hinge on execution, not only leadership change.
Final Thoughts
For India investors, the signal is clear. The Deepinder Goyal resignation brings a tested operator, Albinder Dhindsa, to the top job just as Q3 showed strong momentum. Revenue grew 202% to ₹16,315 crore, net profit rose 73% to ₹102 crore, and Blinkit breakeven on adjusted EBITDA improves the profitability path. In the next session, price discovery will hinge on management guidance and confidence in execution. Our take: prioritise fundamentals over headlines. Track Blinkit unit economics, dark store density, marketplace take rates, and Hyperpure margins. If Dhindsa provides clear milestones and the data stays firm, Zomato share price can find support on dips. Stay disciplined, reassess after official commentary, and size positions to risk.
FAQs
What does the Deepinder Goyal resignation mean for investors?
It triggers a leadership change at Eternal from 1 February, with Albinder Dhindsa taking charge. Near term, expect volatility as markets price continuity and execution. Medium term, the focus shifts to Blinkit unit economics, marketplace profitability, and capital allocation. Clear guidance could stabilize sentiment and support valuation.
Who is Albinder Dhindsa and why does it matter now?
Albinder Dhindsa leads Blinkit and built its quick-commerce network. His operator background emphasizes unit economics, on-time delivery, and assortment. As incoming Eternal CEO, his plans for Blinkit profitability, dark store expansion, and steady food-delivery margins will be central to how Zomato share price behaves after the transition.
How strong were Q3 results and what drove them?
Q3 revenue rose 202% year-on-year to ₹16,315 crore and net profit increased 73% to ₹102 crore, with Blinkit contributing strongly. Management indicated Blinkit breakeven on adjusted EBITDA. Investors will watch whether these trends sustain through FY26, alongside stable take rates and improving Hyperpure margins.
What should traders watch in the next session?
Focus on pre-open order depth, delivery-based cash volumes, and any management remarks. Watch how the market prices the Deepinder Goyal resignation alongside Q3 data, especially Blinkit breakeven sustainability. Price action may be choppy at the open, so wait for confirmation before making large trades.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
