After announcing its first-quarter results for the financial year 2025–26, Eternal—the parent company of Zomato and Blinkit—attracted strong investor interest.
On Tuesday morning, its stock jumped 14.8% and reached an all-time high of ₹311.6.
This sharp rise increased the company’s market value to ₹3 lakh crore. Just a day earlier, on Monday, the stock had already gone up by 5% following the release of the results.
Brokerages Raise Target Prices Amid Optimism
Following the strong rally, many brokerage firms have recommended buying Eternal’s stock and raised their target prices.
Motilal Oswal had earlier set a target of ₹310 but has now revised it to ₹330, highlighting Blinkit as the key growth driver.
Global brokerage firm Jefferies upgraded Eternal’s rating from “Hold” to “Buy” and sharply raised its target price from ₹250 to ₹400.
Mixed Q1 Performance: Profit Falls, Revenue Grows
Despite the rise in stock price, Eternal reported a net profit of only ₹25 crore in Q1—a 90.11% drop from ₹253 crore in the same quarter last year.
However, revenue rose sharply by 70.3%, growing from ₹4,206 crore to ₹7,167 crore.
Blinkit, Eternal’s quick commerce platform, showed strong performance with a 154.7% jump in revenue, reaching ₹2,400 crore during the same period.
