Explained: How Zomato's Deepinder Goyal became Rs 2,000 crore richer in just 2 days
As per the report, the investors have reacted positively to the rapid expansion of Blinkit, the quick commerce division of Eternal, leading to a surge of over 21 per cent in the company's shares over the past two days.
The stock even reached a new all-time high of Rs 311.60 on the NSE. Eternal's 42-year-old founder and CEO, Goyal, who is a self-made billionaire, has seen the value of his 3.83 per cent stake in the company rise to Rs 11,515 crore as a result of it.
Deepinder Goyal's net worth is now estimated to be $1.9 billion
According to Forbes's list of real-time billionaires, the IITians' net worth is $1.9 billion (Rs 15,820 crore). Meanwhile, during the whole day, the Eternal shares surpassed the R 3 lakh crore market capitalisation mark. Additionally, now it is more valuable than the likes of Wipro, Tata Motors, Nestlé, and Asian Paints.
The impact was not only seen on Blinkit, but the boom in Eternal share also positively impacted the rival company Swiggy, which rallied over 7 per cent during the day.
How did Zomato's Deepinder Goyal add Rs 2000 crore as Eternal shares hit a record?
On Tuesday, shares of Eternal jumped over 21 per cent in the past 48 hours, hitting a new record high of Rs 311.60 on the NSE, reported India Today.
The rally came despite the company reporting a 90 per cent year-on-year fall in its consolidated net profit for the quarter ended June 2025 (Q1FY26). The net profit stood at Rs 25 crore, down from Rs 253 crore in the same period of the previous year.
Following the release of Eternal's first-quarter financial year 2026 earnings, the share price experienced a significant rise. In the first quarter of FY26, Zomato's parent business reported a 90 per cent year-over-year drop in net profit to Rs 25 crore.
However, during the reviewed quarter, its operating revenue rose by 70 per cent year over year to Rs 7,167 crore. The increase in Eternal's share price was further reinforced by positive management remarks.
Revenue generated from the food delivery segment rose by over 16 per cent
For Q1 FY26, the company noted a rapid commerce revenue of Rs 2,400 crore, up approximately 155 per cent YoY from Q1 FY25's revenue of Rs 942 crore. The meal delivery segment's revenue increased by more than 16 per cent year over year to Rs 2,261 crore.
FAQs
Q. What does this mean for Eternal?
The spike in share price pushed Eternal's market capitalisation past Rs 3 lakh crore, making it more valuable than rival companies Wipro, Tata Motors, Nestle, and Asian Paints.
Q. How many shares does Deepinder Goyal have?
The sudden rally transition translated into a significant wealth gain for Eternal CEO Deepinder Goyal, who holds nearly 369,471,500 shares in the company.
For the latest and more interesting financial news, keep reading Indiatimes Worth.
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