zomato eternal q1 results quick commerce division reported a 127% year-over-year increase in net order value at Rs 9,203 crore in Q1FY26, for the first time outpacing growth at its food delivery division.
Eternal, the parent company of Zomato and Blinkit, saw its shares surge nearly 15 percent to hit a record high of Rs 311.25 on the NSE on July 22, extending a two-day rally that lifted the stock by more than 20 percent.
The company’s market capitalization increased by around Rs 40,000 crore during the course of the two sessions, following a robust June quarter earnings report.
Watch full video : https://youtu.be/DNxQIToyp4E?si=6iFnC5I9c1Tf6mYU
zomato eternal q1 results : The Net Worth of Deepinder Goyal Increases
This rally translated into a significant wealth gain for Eternal CEO Deepinder Goyal, who holds 36,94,71,500 shares in the company. The stock was trading at Rs 266 at the time of the earnings announcement. Goyal’s wealth probably increased by more than Rs 1,667 crore as a result of the stock reaching a high of Rs 311 during today’s session.
On the NSE, Eternal shares ended the day at Rs 299.75, up 10.32%. At this price, the value of Goyal’s stake stood at Rs 11,071.86 crore, as of July 22.
Eternal’s market capitalization surpassed Rs 3 lakh crore because to the recent surge in the stock, surpassing more than 20 Nifty 50 companies, such as Wipro, Tata Motors, JSW Steel, Nestle India, Coal India, Bajaj Auto, Asian Paints, Eicher Motors, Tech Mahindra, and Cipla.
With about 27 crore shares touching hands on the NSE and a turnover of Rs 7,988.26 crore, the stock rise was bolstered by robust trading volumes. The volume of deliveries exceeded the five-day average. The stock is currently trading above its moving averages of five to twenty days.
“Eternal once again surprised us positively on Blinkit. In contrast to the cautious tone following the 4QFY25 results, the surprise this time was more in the management commentary than the actual statistics, according to a note from JM Financial Institutional Securities.
zomato eternal q1 results recorded operating revenue of Rs 7,167 crore for the quarter that ended in June, up from Rs 4,206 crore for the same period the previous year. For the entire quarter, the company’s rapid commerce business’s net order value (NOV) surpassed that of food delivery for the first time.
Despite growing competition from BigBasket, Flipkart, Swiggy, and Amazon, Blinkit remains the industry leader in quick commerce, delivering everything from electronics to daily necessities in less than ten minutes.
Jefferies analysts stated, “We overestimated the competitive threat,” pointing to Blinkit’s expansion, rising profits, and anticipated future growth.
For the June quarter, Eternal reported a consolidated net profit of Rs 25 crore. Due to the impact of expenditures in going-out verticals and rapid commerce on profitability, this was significantly less than the Rs 253 crore recorded in the same quarter previous year.
The company, which changed its name to Eternal in March, claimed that because it had acquired Orbgen Technologies Pvt Ltd and Wasteland Entertainment Pvt Ltd from One 97 Communications in August 2024, the results could not be compared to the same quarter last year. These companies run the event and movie ticketing businesses, respectively.
Disclaimer : Moneycontrol’s experts’ opinions and financial advice are their own, not the website’s or its administrators’. Before making any investment decisions, Moneycontrol advises users to consult with qualified professionals.
Do Follow : apkforfun.com