Eternal Ltd. Shares Surge as Blinkit Launches Innovative 2,500-Product Delivery Service at Mumbai Airport
Shares of a leading food and quick-commerce conglomerate surged nearly five percent on April 1, 2026, after its quick-commerce arm, Blinkit, announced an in-terminal delivery service at one of India’s busiest airports. An official statement from the company’s Group CEO confirmed the service as a live pilot programme, dispelling initial doubts triggered by its April Fool’s Day timing, which were quickly allayed by corporate filings.
With a market capitalization of Rs. 2,28,163.24 crore, the shares of Eternal Ltd. were trading at Rs. 236.43 per share, up approximately 3.25 percent from its previous closing price of Rs. 228.98. The company is trading at a P/E of 956.6.
Blinkit’s Terminal 2 launch at Mumbai’s Chhatrapati Shivaji Maharaj International Airport covers domestic departures and is operated in partnership with Adani Airports, which manages the terminal. Passengers who have already cleared security can order from a catalogue of over 2,500 products. Delivery is handled by a dedicated team of on-ground walkers rather than conventional delivery riders. Access requires updating the Blinkit app to its latest version, which ties adoption directly to the platform’s existing install base among frequent travellers.
The airport model avoids the last-mile complexity that routinely affects standard urban deliveries. Within a controlled, access-restricted terminal perimeter, the walker-based fulfilment removes rider logistics entirely. The real test will be unit economics: airport retail tends to carry higher transaction values but also higher operational overhead. The numbers from this pilot will be the only credible measure of whether the format is viable at other terminals.
The announcement came from Albinder Dhindsa, who became Group CEO of Eternal after founder Deepinder Goyal stepped down from the role in February 2026. Goyal remains associated with the company as Vice Chairman. This airport launch ranks among the first major product initiatives under Dhindsa’s direct charge, pointing toward non-standard commerce channels as an explicit growth direction.
Blinkit’s revenue jumped 776 percent year-on-year to Rs. 12,256 crore in Q3 FY26, and the segment has overtaken Eternal’s core food delivery business in net order value terms. The company is targeting 3,000 dark stores by March 2027. Airports, with their captive, higher-spending traveller base and predictable daily footfall, give the platform a premium urban transit channel to test alongside that warehouse expansion.
Incorporated in 2010, Eternal Ltd. (formerly Zomato) operates across food delivery, quick commerce via Blinkit, and B2B supply through Hyperpure. In Q3 FY26, the company reported consolidated sales of Rs. 16,315 crore and a net profit of Rs. 102 crore, with operating profit at Rs. 368 crore.
