Archive · 24 Jul 2026
Eternal Shifts Focus to Profits
Eternal, a company that does food delivery and quick commerce, has decided to focus more on making money than just growing really fast.
They don't want to give big discounts to beat competitors because they think that's not good in the long run.
Instead, they want to keep their existing customers happy and spending more.
Their quick commerce part, called Blinkit, is doing well and making a profit.
They're also trying new things like premium stores and cloud kitchens to make more money.
A company called Jefferies thinks this is a good idea and raised the price they think Eternal's stock is worth.
Eternal shifts strategy to focus on profitable growth over market share.
Blinkit's net order value increased 19% quarter-on-quarter to Rs 17,132 crore.
Food delivery net order value rose 20% year-on-year to Rs 10,769 crore.
Jefferies raises target price for Eternal to Rs 415, implying 45% upside.
Eternal introduces premium offerings and cloud kitchens to improve economics.
- Who
- Eternal, Jefferies
- What
- Eternal's strategic shift to focus on profitable growth
- When
- June quarter
- Where
- India
- Why
- To avoid the 'systemic trap' of aggressive discounting and prioritize sustainable long-term value
- Company
- Eternal
- Brokerage
- Jefferies
- Target Price
- Rs 415
- Implied Upside
- 45%
- Blinkit NOV
- Rs 17,132 crore
- Blinkit Adjusted EBITDA
- Rs 102 crore
- Food Delivery NOV
- Rs 10,769 crore
- Food Delivery EBITDA Margin
- 5.6%