Is Blinkit’s Q3 profit a turning point or a one-quarter wonder?
Eternal Ltd’s December quarter (Q3FY26) results were encouraging on many counts. Adjusted EBITDA (before employee stock options and after lease rentals) soared by 63% sequentially to ₹364 crore, mainly led by quick commerce business Blinkit, which clocked a small profit of ₹4 crore versus a loss of ₹156 crore in Q2. This is a significant…