Archive · 23 Jul 2026
Eternal Ltd Sees Strong Analyst Support Post-Q1 Results
Eternal Ltd, the parent company of Zomato and Blinkit, has seen a strong rally in its stock price, with a 34% gain since March.
Analysts are very optimistic, with 27 out of 29 recommendations being 'Buy', 'Outperform', or 'Overweight'.
The consensus target price suggests over 20% upside, with the highest target at Rs 506 indicating a 75% potential upside.
The company's Q1 results showed a 20% year-on-year growth in net order value for Food Delivery and improved profitability.
Analysts expect continued growth and higher margins in the future, with long-term targets of 60% year-on-year net order value growth and $1 billion in Ebitda by FY29.
However, some analysts caution about near-term challenges and the need for sustained execution on profitability.
Eternal Ltd's stock has risen 34% since March, with 27 out of 29 analyst recommendations being bullish.
The consensus target price suggests over 20% upside, with the highest target at Rs 506 (75% upside).
Q1 results showed a 20% year-on-year growth in net order value for Food Delivery and improved profitability.
Analysts expect continued growth and higher margins, with long-term targets of 60% year-on-year net order value growth and $1 billion in Ebitda by FY29.
Some analysts caution about near-term challenges and the need for sustained execution on profitability.
- Who
- Eternal Ltd (parent of Zomato and Blinkit), analysts from various brokerages
- What
- Analysts remain bullish on Eternal Ltd post-Q1 results, with strong stock performance and high target prices
- When
- Post-Q1 results, with recent stock price and analyst recommendations as of the latest data
- Where
- India, focusing on the performance of Eternal Ltd and its subsidiaries Zomato and Blinkit
- Why
- Strong Q1 results, improved profitability, and growth in Food Delivery and Quick Commerce segments
Bullish Analysts
Cautious Analysts
Stock Performance and Targets
Bullish Analysts
Analysts are bullish with 27 out of 29 recommendations being 'Buy', 'Outperform', or 'Overweight'. The consensus target suggests over 20% upside, with the highest target at Rs 506 indicating a 75% potential upside.
Cautious Analysts
Elara Securities cautions that near-term re-rating in valuation multiples is not expected, and sustained execution on profitability is necessary for medium-term upside.
Profitability and Growth
Bullish Analysts
Analysts highlight strong profitability and growth in Food Delivery (FD) and Quick Commerce (QC) segments, with improved margins and reduced net working capital requirements.
Cautious Analysts
JM Financial moderates profitability assumptions for Blinkit due to minimum wage hikes and higher rental payouts, indicating potential challenges in maintaining high margins.
- Current Stock Price
- Rs 289.90
- Consensus Target Price
- Over 20% upside
- Highest Target Price
- Rs 506 (75% upside)
- Q1 Net Order Value Growth (FD)
- 20% YoY
- Expected FY27-28 NOV Growth
- 18-21% YoY
- Expected FY27-28 Adjusted Ebitda Margin
- 5.8-6.7%
- Long-term NOV Growth Target
- 60% YoY
- Long-term Ebitda Target
- $1 billion by FY29