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🚀 Eternal Share Price Soars to Record High Despite Profit Slump – Should You Buy or Hold?

Editor July 22, 2025

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Eternal Ltd (Eternal Share price), formerly known as Zomato, has made a significant impact on the market. As of July 22, 2025, its share price surged to ₹295.50, reflecting a 39.79% increase over the past year. With a 52-week high of ₹311.25 and strong investor interest, the stock is now grabbing attention not just for its performance, but for what lies beneath the numbers.

📈 Eternal Share Performance Snapshot

Current Price: ₹295.50
1-Year Gain: +39.79% (₹84.11)
52-Week High/Low: ₹311.25 / ₹209.86
P/E Ratio: 509.91
Market Cap: ₹2.68 Lakh Crore

The chart reflects a sharp upward momentum since mid-May, aligning with bullish sentiment around its growing quick commerce segment—Blinkit.

🧾 Eternal Share Q1 FY26 Results: Revenue Up, Profit Down

Despite posting a 90% YoY drop in net profit to ₹25 crore (down from ₹253 crore last year), Eternal managed to boost investor optimism. How?

Revenue: ₹7,167 crore (+70% YoY)
Blinkit Revenue: ₹2,400 crore
Food Delivery Revenue: ₹2,261 crore
EBITDA: ₹115 crore (↓35% YoY)

The secret sauce lies in Blinkit. For the first time, Blinkit’s Net Order Value (NOV) surpassed that of Zomato’s food delivery vertical, signalling a tectonic shift in consumer behaviour and business focus.

💬 What Management Is Saying

“Our B2C operations have now reached nearly $10 billion in annualised NOV, with quick commerce accounting for nearly half of it,”
– Akshant Goyal, CFO, Eternal Ltd

Out now – our Q1FY26 Report: https://t.co/xSHGbtK0Hj

Quick snapshots:#Performance
Consolidated Adjusted Revenue grew 67% YoY (22% QoQ) to INR 7,563 crore.#NetOrderValue
NOV of our B2C businesses (@zomato, @letsblinkit, @lifeindistrict) grew 55% YoY (16% QoQ) to INR 20,183… pic.twitter.com/C9DZafNbFZ
— Deepinder Goyal (@deepigoyal) July 21, 2025

This optimistic outlook on Blinkit’s future—despite current losses—has re-energised market sentiment.

📊 Brokerages React: Mixed But Mostly Bullish

✅ Bullish Calls

Jefferies: Buy, Target ₹400
CLSA: High-conviction Outperform, Target ₹385
Bernstein: Outperform, Target ₹320

These firms highlight Blinkit’s explosive growth, improved margins, and easing competitive pressure as key strengths.

❌ Bearish Note

Macquarie: Underperform, Target ₹150
- Cites lag in food delivery growth
- Concerns over prolonged loss cycle despite Blinkit surge

💡 Eternal Share Price Outlook: Should You Buy, Sell, or Hold?

✅ Buy/Hold If You:

Believe in long-term growth of quick commerce
Trust the management’s shift toward high-growth segments
Can absorb short-term volatility and high valuation (P/E ~510)

⚠️ Caution If You:

Are seeking near-term profitability
Worry about margin pressures in food delivery
Prefer low-risk, dividend-paying stocks (no dividend declared)

📌 Final Take

While Eternal Ltd’s profit fell sharply, the story is not about the past—but about the future of Blinkit and quick commerce. The stock’s 40% annual surge reflects high investor conviction in its transition from food delivery to a broader B2C retail play.

Despite elevated valuation metrics and short-term risks, Eternal Share Price appears to be riding a new growth curve that could reward long-term believers.