Eternal share price today: Eternal Ltd’s, Zomato and Blinkit’s parent company, saw its stock reach an unprecedented peak of Rs 311.6 on Tuesday, with the company’s market value crossing Rs 3 lakh crore. This remarkable increase followed exceptional June-quarter results from Blinkit, the company’s quick-commerce division, alongside positive management statements that analysts interpreted as distinctly more confident than previous communications.With this, Eternal’s market cap has overtaken that of several notable Nifty 50 companies including Wipro, Tata Motors, JSW Steel, Nestle India, and Asian Paints, according to an ET report.
Eternal Share Price Rise: What’s the outlook?
The market responded enthusiastically to Blinkit’s exceptional performance, particularly as its net order value (NOV) exceeded Zomato’s figures. Following the impressive Q1 results, analysts revised their targets upwards. Jefferies upgraded its recommendation to ‘Buy’ and set a new target of Rs 400, the highest on the Street, whilst acknowledging their previous overestimation of competition risks.Despite mixed results for the June quarter, Jefferies highlighted that “management commentary was significantly positive, especially on quick commerce, a departure from earlier quarters.”Emkay Global has highlighted Blinkit’s impressive first quarter performance. It said that the company “registered strong 1Q results, with Blinkit reporting 140% YoY GOV growth and 50bps QoQ improvement in adjusted EBITDA margin.” The firm increased its target price to Rs 330 from Rs 290, maintaining its ‘Buy’ recommendation.JM Financial noted a significant shift in the company’s communication approach. “Eternal once again surprised us positively on Blinkit. This time though, the surprise was more on management commentary than the reported numbers, as it was quite a contrast to the cautious tone post 4QFY25 results,” the firm stated.The strategic direction of Eternal caught analysts’ attention. “Over the next 2-3 quarters, Eternal is set to gradually make a transition in the quick commerce (QCom) business, from its current marketplace model to an inventory ownership model; this will drive ~100bps margin expansion, albeit requiring net working capital of ~18 days,” Emkay reported.
Profitability Outlook Mixed Among Analysts
Nomura outlined a path towards financial sustainability, projecting “Blinkit to break-even at adjusted EBITDA level in 4Q FY26F”. The firm noted that “Blinkit management expects lower absolute growth in adj EBITDA in coming quarters as it continues to rationalize marketing spends.”Nevertheless, certain analysts remained sceptical. Macquarie maintained its pessimistic stance, keeping an ‘Underperform’ rating and Rs 150 target price. The brokerage expressed concerns about the implied Blinkit valuation of $15bn at current share prices, given unproven economics and heightened competition in the sector.
Valuation Milestone Achieved
The company’s Tuesday surge pushed Eternal’s market capitalisation briefly to Rs 3 lakh crore, surpassing several prominent Nifty 50 constituents, including Wipro, Tata Motors, JSW Steel, Nestle India, Coal India, Bajaj Auto, Asian Paints, Eicher Motors, Tech Mahindra and Cipla.Eternal’s shares have demonstrated strong performance, recording a 33% increase over the previous 12 months, whilst gaining 7% in 2025.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
