What if we told you that a company’s net profit could drop 90% and its stock still rallies 20% in two days? Sounds crazy, right? But that’s exactly what’s happening with Eternal, the parent company of Zomato and Blinkit. And riding this unexpected rally is none other than Eternal’s CEO, Deepinder Goyal, whose net worth just ballooned by a staggering ₹1,700 crore in a matter of 48 hours.
So, what’s fueling this explosive momentum? And how did Blinkit manage to outpace Zomato in Q1FY26? Let’s break it all down.
Eternal Share Price Surge Breaks All Expectations
Eternal’s stock went full throttle on the NSE, climbing nearly 15% to ₹311.25 on July 22. This followed a similar rally the previous day, bringing the two-day gain past 20%.
So, what’s behind this wild Eternal share price surge?
One word: Blinkit.
Blinkit: Quick Commerce Leaves Food Delivery Behind
For the first time ever, Eternal’s quick commerce unit Blinkit surpassed its food delivery sibling Zomato in net order value (NOV). Blinkit clocked an eye-popping ₹9,203 crore in Q1FY26, a 127% year-on-year jump.
Zomato might’ve once been the crown jewel, but Blinkit is now the golden goose.
Deepinder Goyal’s Wealth Hits ₹11,000+ Crore
Let’s talk numbers.
Goyal owns 36.94 crore shares in Eternal. Before the earnings call, the stock traded at ₹266. But thanks to the Eternal share price surge, which pushed prices up to ₹311, his paper wealth jumped over ₹1,667 crore — now totaling ₹11,071.86 crore.
That’s a classic case of stock magic turning paper into fortune.
Eternal Market Cap Crosses ₹3 Lakh Crore
This Eternal share price surge pushed the company’s market capitalization past ₹3 lakh crore, overtaking more than 20 of the Nifty 50 giants.
Yes, Eternal is now valued higher than Wipro, Tata Motors, JSW Steel, Nestle India, and even Asian Paints.
Trading Volume Shoots Up with Eternal Share Price Surge
When stocks catch fire, volumes follow. Nearly 27 crore shares changed hands on the NSE, resulting in a whopping ₹7,988 crore turnover. The delivery volume also beat the 5-day moving average, which is a bullish sign for investors.
And yes, Eternal is now trading well above its 5-day and 20-day moving averages — classic indicators of a strong trend.
What Are Analysts Saying?
While the numbers were intriguing, it was the management’s confident tone that truly impressed analysts.
JM Financial remarked:
“Eternal once again surprised us positively on Blinkit. The management’s tone was much more confident compared to the cautious narrative post-Q4FY25.”
Even Jefferies conceded:
“We overestimated the competitive threat.”
All signs point toward continued investor faith in the company’s direction, especially after the Eternal share price surge.
But What About That 90% Profit Fall?
Here’s the twist: Eternal’s net profit in Q1FY26 was just ₹25 crore, compared to ₹253 crore last year.
So why the optimism?
Because Eternal is betting big on future growth — especially in quick commerce and “going-out” services like events and movie tickets. These investments are eating into profits today but paving revenue paths for tomorrow.
In other words: short-term pain, long-term gain.
From Zomato to Eternal: A New Tech Giant Is Emerging
In March 2025, the company officially rebranded from Zomato to Eternal, reflecting broader ambitions beyond food delivery.
Since then, they’ve:
- Acquired Orbgen Technologies and Wasteland Entertainment from Paytm (One97)
- Expanded into entertainment, movie ticketing, and events
- Strengthened the Blinkit quick commerce empire
This isn’t just a pivot — it’s a full-fledged tech conglomerate play.
Blinkit: The 10-Minute Delivery Disruptor
Blinkit’s USP? Lightning-fast 10-minute delivery, whether it’s for groceries, electronics, or daily essentials.
Despite facing fierce competition from Swiggy, Flipkart, Amazon, and BigBasket, Blinkit leads the race in:
- Order volume
- Revenue growth
- Customer satisfaction
The Eternal share price surge is largely powered by this operational edge.
Competitors Trail Behind
It’s a high-speed race. And Blinkit is leaving rivals in the dust, thanks to:
- A highly optimized delivery network
- Tech-driven logistics
- Focus on high-margin categories
It’s like beating four sports cars in a custom-built EV.
Why Investors Still Believe in Eternal
Despite the profit dip, the Eternal share price surge reveals what investors really value: long-term vision.
Eternal is no longer just delivering food. It’s building an urban utility ecosystem, solving everyday problems at breakneck speed:
- Groceries
- Electronics
- Logistics
- Events & dining
It’s shaping up to be the “Amazon of Urban India”, and investors want in.
Read More: Why the BEML Stock Split 1:2 Ratio Could Boost Retail Participation
Conclusion: The Future Is Eternal
Eternal’s evolution is nothing short of incredible — and Deepinder Goyal’s net worth surge is just the tip of the iceberg.
The Eternal share price surge might seem paradoxical next to a 90% profit dip, but it proves one thing: visionary strategy and market confidence often outweigh short-term numbers.
Eternal isn’t just reacting to the market — it’s rewriting the rules.
You’re witnessing the growth of a company that’s redefining urban consumption, reshaping tech-driven commerce, and riding high on the Eternal share price surge that no one saw coming.
