Eternal stock draws higher broker targets after Q2 profit jump

Eternal Limited reported a sharp increase in profit for the September quarter, while brokerages raised their expectations for the company following the Q2 FY27 results. The figures and target-price changes were reported by Multibagg AI Research Desk on November 10.

Eternal's net profit reached INR 125 crore in Q2 FY27, up 92.3% from a year earlier. Revenue rose 77.6% year on year to INR 24,138 crore. The results point to strong scale growth, but the company's profitability remains closely tied to investment and execution across its consumer businesses.

Broker targets move higher

Jefferies raised its target price for Eternal to INR 430 from INR 415 and retained a Buy rating. The brokerage cited faster Blinkit store expansion, improving unit economics, food delivery growth of more than 20% and rising confidence in District.

Goldman Sachs also retained a Buy rating and lifted its target price to INR 385. Its view rests on Blinkit's growth, expected longer-term margin expansion and more stable competition in quick commerce. Goldman Sachs forecasts that Eternal could reach USD 1 billion in EBITDA by FY29; that figure is an analyst estimate, not company guidance.

Execution remains the key test

The operating debate now centres on whether Eternal can convert rapid expansion into durable margins. Blinkit's store rollout and unit economics will remain important indicators, while food delivery growth and District will shape the broader earnings mix.

Eternal's investor-relations materials describe four businesses: food delivery, quick commerce, going-out and B2B supplies. The company also highlights plans for an EV-based delivery fleet by 2030 and a net-zero delivery value chain target by 2033.

Investors can follow broader developments in current market reports.