Eternal Shares Close at ₹257 After Earnings Beat While Early Rally Fades Near Resistance
Shares of Eternal Ltd closed around ₹257, up about 1.5% on Wednesday, after the company reported Q4 results that beat Bloomberg consensus estimates of ₹121 crore. The stock had surged nearly 4% intraday before trimming gains, according to exchange data.
The company posted a consolidated net profit of ₹174 crore for Q4 FY26, marking a 71% quarter-on-quarter increase.
Eternal reported consolidated revenue from operations of ₹3,562 crore for Q4 FY26, according to its exchange filing, reflecting continued scale in both food delivery and quick-commerce segments.
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Blinkit’s 95% NOV Growth and Margin Expansion Drive Earnings Upgrade
Blinkit remained the primary growth engine, reporting a 95% year-on-year increase in net order value (NOV), alongside improving unit economics and movement toward EBITDA profitability.
CLSA stated, “Blinkit’s growth and profitability trajectory strengthens confidence in its long-term model,” maintaining an outperform rating with a ₹505 target price.
Brokerage commentary indicates Blinkit could deliver ~60% CAGR over the next three years with EBITDA margins of 5–6%, signaling a transition toward sustainable profitability.
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Brokerages Maintain Positive Outlook With Target Prices Between ₹300 and ₹505
Brokerages retained constructive ratings on Eternal, supported by improving earnings visibility:
- Jefferies: Buy, ₹400 target — improving profitability despite seasonal softness
- HSBC: Buy, ₹300 target — expects growth acceleration
- InCred Capital: Add, ₹383 target — improving unit economics, competition risk
- DAM Capital: Buy, ₹330 target — Blinkit EBITDA-positive trajectory
Why the Stock Could Not Sustain a 4% Rally Despite Strong Results
The stock’s inability to hold early gains was driven by positioning and technical factors rather than fundamentals:
- Price approached ₹260–₹265 resistance zone based on recent trading levels
- Part of earnings optimism was already priced in ahead of results
- Intraday gains triggered short-term profit booking after the earnings beat
Market Impact: Blinkit Profitability Signals Structural Shift in Quick Commerce
Eternal’s results provide measurable evidence of improving profitability in quick commerce, with Blinkit moving toward EBITDA-positive operations. This strengthens the investment case for scalable quick-commerce models within listed internet platforms.
Investor Impact: Profit Growth and Revenue Scale Strengthen Investment Case
For investors, the Q4 performance highlights both growth and scale:
- Net profit rose 71% QoQ to ₹174 crore
- Revenue reached ₹3,562 crore, reflecting strong business scale
- Blinkit NOV growth at 95% supports long-term expansion
- Brokerage targets between ₹300–₹505 indicate valuation upside, though competitive intensity from Swiggy Instamart and Zepto remains a key risk
InCred Capital noted, “Unit economics are improving, but competition intensity remains elevated.”
FAQs Investors Are Searching After Eternal Q4 Results
What is Eternal Ltd Q4 net profit 2026?
₹174 crore, up 71% QoQ.
What is Eternal’s Q4 revenue?
₹3,562 crore as per exchange filings.
Why did Eternal shares fall after rising 4%?
Profit booking emerged near ₹260 resistance after a sharp rally and partial pre-result positioning.
What is the target price for Eternal shares?
Brokerages have set targets between ₹300 and ₹505.
What is Blinkit’s growth rate?
Blinkit reported 95% YoY NOV growth and is expected to grow at ~60% CAGR over three years.
