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Eternal Shares Hit Record High on Blinkit-Fueled Rally

A robust Q1 performance driven by Blinkit widened Eternal’s valuation past Rs 3 lakh crore, boosting Deepinder Goyal’s net worth by Rs 2,000 crore

Overview

  • Shares of Eternal Ltd. climbed over 15% since Monday to a fresh lifetime high of Rs 313.95 on the NSE
  • The surge built on a 21% rally in two days earlier this week, lifting the parent’s market capitalization above Rs 3 lakh crore
  • Q1 FY26 revenue jumped 70% year-on-year to Rs 7,167 crore and rose 23% sequentially, while net profit plunged 90% to Rs 25 crore
  • Quick-commerce arm Blinkit generated Rs 2,400 crore in Q1—up 155% YoY—and overtook Zomato in net order value as losses narrowed alongside B2B unit Hyperpure
  • Brokerages Jefferies and Motilal Oswal upgraded Eternal to Buy with target prices of Rs 400 and Rs 330; shares of Swiggy and Info Edge also gained