After announcing its first-quarter results for the financial year 2025–26, Eternal—the parent company of Zomato and Blinkit—saw a surge in investor interest. On Tuesday morning, its stock jumped by 14.8% and touched an all-time high of ₹311.6.
This sharp rise pushed the company’s market capitalization to ₹3 lakh crore. Just a day earlier, on Monday, Eternal’s stock had already risen 5% after the results were released.
Brokerages Raise Target Price to ₹400
Following the strong investor response, several brokerage firms have recommended buying Eternal’s stock and increased their target prices.
Motilal Oswal earlier set a target of ₹310, but has now raised it to ₹330. The firm sees Blinkit as the company’s main growth driver.
Jefferies, a global brokerage, upgraded Eternal’s rating from “Hold” to “Buy” and increased its target price from ₹250 to ₹400.
Q1 Financial Highlights: Profit Drops, Revenue Soars
Despite the stock surge, Eternal’s profit for Q1 stood at just ₹25 crore—a steep 90.11% decline from ₹253 crore in the same quarter last year. However, the company’s revenue grew significantly by 70.3%, rising from ₹4,206 crore last year to ₹7,167 crore this year.
Meanwhile, Blinkit, Eternal’s quick commerce arm, posted impressive numbers with a 154.7% increase in revenue, reaching ₹2,400 crore during the same period.
