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Swiggy and Eternal shares drop up to 30 percent in 2026 so far Buy now or wait

Swiggy and Eternal shares drop up to 30 percent in 2026 so far Buy now or wait

Swiggy and Eternal shares have slid as much as 30% in 2026, reigniting questions for investors on timing and risk. Both stocks began trading at demanding valuations, even as Eternal has posted some long-term gains. Analysts urge caution, saying it may be wiser to wait for clearer earnings and more normalized valuations, with Swiggy viewed as offering slightly better long-term risk-reward.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Eternal Triple Bet Surges in Numbers Yet Profit Hinges on Other Income

Eternal Triple Bet Surges in Numbers Yet Profit Hinges on Other Income

Eternal’s new CEO Albinder Dhindsa inherits a strong-looking Q4 FY26, with profits up 4.5x YoY. But the key red flag is under the headline: without other income, the quarter turns into a loss as expenses spike 185%. The firm’s triple play—Blinkit quick commerce, Zomato delivery, and District going-out—shows scale now, margins later.

Summarised by Beize from a story on Inc42 on 4 May 2026

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Retail investors double down on Eternal despite 670x PE and 30% slide from peak

Retail investors double down on Eternal despite 670x PE and 30% slide from peak

Retail investors are adding shares of Eternal even as the stock trades about 30% below its peak and carries a lofty 670x price to earnings multiple. The dip-buying momentum has continued into the second quarter, alongside rising mutual fund interest. Meanwhile, foreign institutional investors have trimmed holdings. The company’s strong revenue growth and improving profitability are supporting sentiment.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Eternal’s Q4 soars yet profit teeters as Blinkit drives growth and costs explode

Eternal’s Q4 soars yet profit teeters as Blinkit drives growth and costs explode

Eternal’s Q4 FY26 performance looks explosive on paper: profits jumped 4.5X and operating revenue surged 196%, led by Blinkit. But the company’s profitability hangs by a thread, with a large share propped up by other income while expenses rise almost as fast as revenue. The roundup also includes Snabbit’s $56M raise, Cashify’s IPO chatter, and more startup updates.

Summarised by Beize from a story on Inc42 on 30 Apr 2026
Eternal Q4 pops as Zomato Blinkit parent reports stronger March quarter results

Eternal Q4 pops as Zomato Blinkit parent reports stronger March quarter results

Zomato and Blinkit parent Eternal posted strong performance for the March quarter, triggering a sharp Q4 uptick. Investors are also watching what the company’s refreshed strategy could mean for its next phase, as ETtech reports additional developments alongside the earnings headline. The results underline continued execution amid fierce competition in quick commerce and food delivery.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Eternal CEO Deepinder Goyal Targets 1 Billion Adjusted EBITDA by FY29 After 16 Years

Eternal CEO Deepinder Goyal Targets 1 Billion Adjusted EBITDA by FY29 After 16 Years

Eternal CEO Deepinder Goyal says the company turned adjusted EBITDA profitable in FY24 after 16 years, and now aims for $1 billion by FY29. In his shareholder letter, he attributes progress to growth in NOV, resilient India-first operations, and a scalable ecosystem designed to serve millions of customers, partners, and workers across the country.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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Blinkit Posts 9X QoQ EBITDA Jump as Competition Spurs Profitability Shift in Q4

Blinkit Posts 9X QoQ EBITDA Jump as Competition Spurs Profitability Shift in Q4

Eternal’s quick commerce arm Blinkit delivered a dramatic sequential profitability leap in the March quarter, with adjusted EBITDA rising more than 9X to ₹37 crore. The surge came alongside fast scaling in order value and store expansion, even as the company warned that aggressive discounting is creating “poor-quality growth” and low-margin SKU dependence. Blinkit expects a stronger rebound in Q1 FY27.

Summarised by Beize from a story on Inc42 on 28 Apr 2026
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