Overview
- Eternal rose to about rank 22 in the Nifty50 after overtaking Titan and Avenue Supermarts in market value.
- The company’s market capitalisation hit roughly Rs 3.16 lakh crore, now ahead of ONGC, Wipro and Tata Motors, with the stock up about 18% year to date and 62% over six months.
- In the June quarter, revenue grew 70% to Rs 7,167 crore while consolidated net profit fell to Rs 25 crore and adjusted Ebitda declined 42% to Rs 172 crore.
- Blinkit revenue jumped 154% year on year to Rs 2,400 crore, surpassing food delivery for the first time as dark stores expanded to 1,544 with plans for 2,000 by end-2025.
- Brokerages turned more positive, with Motilal Oswal setting a Rs 420 target and Nomura at Rs 370, while management flagged early quick‑commerce margin stability with some cities above 2.5% and a long‑term goal of 5–6%.