Blinkit’s "4x" Blueprint: Eternal Projects 60%+ Growth through 2029

CEO Albinder Dhindsa Forecasts Quick Commerce Dominance; Net Profit Jumps 346% as Blinkit Hits EBITDA Positivity

In a landmark shareholder letter issued today, Tuesday, April 28, 2026, Albinder Dhindsa—the CEO of Eternal (formerly Zomato-Blinkit group)—laid out an aggressive multi-year roadmap for the quick commerce giant. Following a stellar Q4 FY26 performance, Eternal expects Blinkit to maintain a Net Order Value (NOV) CAGR of over 60% for the next three years. If achieved, this trajectory would result in the business expanding to more than four times its current scale by 2029, cementing its position as the undisputed leader in India's hyper-local delivery landscape. Blinkit has effectively shed its 'experimental' label," says a retail analyst at Goldman Sachs. "The 60% CAGR target is bold, but given that they’ve achieved 104% CAGR between FY23 and FY26, it’s grounded in reality. The key will be managing the high capital intensity of the 3,000-store rollout without eroding the newly-found EBITDA positivity.

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