Nifty Share Price News Desk, 07 March 2026 Mumbai: Eternal Limited (formerly known as Zomato Limited) has been seeing a steady decline in its share price. On NSE and BSE on 6 March 2026, the share was recorded at Rs 232.57 and Rs 232.15 respectively, showing a drop of 3.15% to 3.39%. During the day’s trading, the price ranged between Rs 231.58 and Rs 242.90, while the 52-week high and low are Rs 368.45 and Rs 194.80. The company’s shares have fallen 25% over the past six months, dropping 100 points from the October 2025 high.
Financial position: Strong growth in Q3 FY26
In the quarter ending December 2025 (Q3 FY26), Eternal Limited reported strong results. The company’s total revenue was recorded at 16,315 crore rupees, up 201.85% compared to the same quarter last year. Net profit was 102 crore rupees, a 72.88% increase. Adjusted revenue stood at 16,692 crore rupees and adjusted EBITDA at 364 crore rupees. The company has cash reserves of 17,820 crore rupees.
Looking at it by segment:
- Food delivery: GOV up 21%, EBITDA margin 5.4% (531 crore).
- Quick Commerce (Blinkit): GOV up 121%, EBITDA positive (4 crore), 2,027 stores.
- Hyperpure: 33% growth, EBITDA positive.
- Going out: GOV up 20%, but losses increased.
The company has announced a target of 3,000 stores by March 2027 and a long-term 5-6% EBITDA margin.
Share price target and brokerage rating
Top brokerage firms have mainly given Eternal Limited a ‘Buy’ or ‘Outperform’ rating. The average price target is 360-372 rupees, with a high of 506 rupees (CLSA) and a low of 200 rupees (Macquarie).
- Bernstein: Outperform, target 370 rupees. Recent dip seen as a buying opportunity.
- Kotak: BUY, target 375 rupees.
- Morgan Stanley: BUY, target 420 rupees.
- Nomura: BUY, target 380 rupees.
- Goldman Sachs: Buy, target 380 rupees.
- Jeffries: BUY, target 480 rupees.
Out of 33, 30 analysts recommend ‘buy’.
Latest news and updates
The company’s shares have seen a continuous decline over 10 sessions, dropping by 15.5%. This fall is due to increased competition and a slowdown in quick commerce growth. Still, brokerage firms have maintained their buy recommendation. Bernstein has indicated a buying opportunity over the next 12-18 months.
Updates on X: “@harshtradzo” predicts the share will go up to 120 rupees, while “@EquityInsightss” has provided a detailed analysis of the Q3 results. The company’s B2C GOV has crossed 1 lakh crore annually.
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