Emkay raises Eternal stock target to INR 420

Published on 10/27/2026 at 15:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached INR 241.38 billion, up 77.60 percent year over year. Eternal stock stood at INR 331.00 on October 27, 2026, up 1.67 percent on NSE.

Target and quarterly performance

Emkay Research raised its Eternal target to INR 420 on October 22, 2026.
Second-quarter revenue reached INR 241.38 billion, up 77.60 percent year over year.
Eternal stock stood at INR 331.00 on October 27, 2026, up 1.67 percent from INR 325.55.
The market capitalization was INR 3.0 trillion on October 27, 2026.

Eternal, INE758T01015, Illustration mit AI erstellt.

Emkay Research raised its target for Eternal to INR 420 on October 22, 2026, while retaining its buy recommendation, according to DSIJ. The target lies 26.89 percent above the NSE price of INR 331.00 dated October 27, 2026.

Eternal stock stood at INR 331.00 on October 27, 2026, up 1.67 percent from the prior NSE close of INR 325.55. The quote was timestamped at 3:28 p.m. IST, with the session marked closed.

Revenue growth sets the pace

Eternal reported revenue of INR 241.38 billion for the second quarter of fiscal year 2026-27, up 77.60 percent from INR 135.90 billion a year earlier. Net profit rose 92.00 percent to INR 1.25 billion from INR 0.65 billion in the comparable quarter, according to Business Standard on October 22, 2026.

Blinkit's net order value rose 79.30 percent year over year to INR 209.40 billion in the second quarter, while its adjusted earnings before interest, taxes, depreciation and amortization reached INR 1.84 billion. The company added 308 stores, taking the total to 2,751, according to DSIJ.

Valuation stays stretched

Eternal's price-to-earnings ratio was 624.53 on October 27, 2026, alongside a market capitalization of INR 3.0 trillion. The 52-week range was INR 212.60 to INR 344.40, placing the stock 3.90 percent below its high.

Emkay said its October 22, 2026 report raised the target by 5.00 percent to INR 420 and cited Blinkit's expansion and food-delivery profitability, according to Moneycontrol. The same report noted that Blinkit added 308 stores and that Eternal raised its March 2027 store target to more than 3,500.

Comparison with peers

Eternal: up 1.67 percent, price-to-earnings ratio 624.53, market capitalization INR 3.0 trillion.

Swiggy (NSE, INR): up 1.72 percent, price-to-earnings ratio minus 13.33, market capitalization INR 495.6 billion.

Nykaa (NSE, INR): up 2.90 percent, price-to-earnings ratio 381.35, market capitalization INR 972.3 billion.

Stock position on October 27

Eternal stock was at INR 331.00 on the NSE on October 27, 2026 at 3:28 p.m. IST, up 1.67 percent from INR 325.55. Its position below the 52-week high keeps the analyst target and the latest quarterly growth figures central to the valuation discussion.