Eternal Q2 Review: Brokerages Raise Targets As Blinkit Expansion Accelerates

Eternal’s September-quarter results delivered strong revenue growth, but profit fell short of analyst estimates. Revenue rose 77.6% year on year to Rs 24,138 crore, while net profit increased 92.3% to Rs 125 crore. Brokerages remain focused on Blinkit, which reported 94% revenue growth as Eternal raised its dark-store target to more than 3,500 by March 2027. Jefferies raised its target price to Rs 430, while JPMorgan increased its target to Rs 420. UBS retained its Buy rating, while Macquarie maintained Underperform, citing valuation concerns. Watch the key takeaways from Eternal’s Q2 results and what brokerages expect next.