Eternal Blinkit Profitability 2026: Why Shares Slipped Despite First Profit

It's a classic case of 'sell the news.' India's quick-commerce champion Blinkit finally turned the corner on profitability, but investors aren't popping the champagne just yet. Its parent company, Eternal, saw its stock price stumble despite a landmark financial performance.

Eternal Blinkit Profitability 2026: EBITDA Positive but Skepticism Remains

According to Reuters, shares in Eternal dropped by 2.5% on Thursday, January 22, 2026. This decline followed the announcement that Blinkit achieved its first-ever positive EBITDA during the October-December quarter. While the numbers look good on paper, critics argue the stock remains overvalued compared to its long-term earnings potential.

CEO Deepinder Goyal Steps Down Amid Valuation Concerns

The positive earnings news was overshadowed by the sudden exit of founding CEO Deepinder Goyal, who resigned with immediate effect. His departure has raised questions about the company's future direction and whether the current valuation can be sustained without his leadership. Some analysts suspect the timing of the resignation suggests a peak in the company's growth cycle.

The competitive landscape is heating up. Amazon is reportedly investing $35 billion in India to bolster its e-retail and delivery capabilities. Meanwhile, Blinkit and its peers are facing pushback from workers over the '10-minute delivery' promise, forcing platforms to reconsider their speed-focused models in favor of sustainable operations.