Eternal Share Price Target Set at Rs 506 as Brokerages Stay Bullish on Blinkit Profitability Despite Q1 Miss

Eternal CMP Rs 289.85 (23 Jul, up 1.92%). CLSA most bullish, target Rs 506. Q1 profit missed estimates. Blinkit profitability improving. 52W range Rs 212.60 to Rs 368.45.

The Eternal share price target stands at Rs 506 from CLSA, which remains the most bullish brokerage on the stock even after Eternal, formerly known as Zomato, reported a Q1 profit miss. Brokerages have largely stayed constructive on the stock, citing strong execution in food delivery and quick commerce, improving Blinkit profitability and easing competitive concerns in the space. Shares were trading around Rs 289.85 on 23 July 2026, up nearly 2 percent, leaving significant headroom to the CLSA target of Rs 506.

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Eternal Company Overview

Eternal, the parent of Zomato food delivery and Blinkit quick commerce, has become one of the most closely watched internet stocks on Dalal Street. Despite a Q1 profit miss, brokerages including CLSA have stayed bullish, with the current price of around Rs 289.85 trading well below the CLSA target of Rs 506, implying substantial potential upside if execution continues to improve.

Why Brokerages Remain Bullish on Eternal

Analysts pointed to three specific themes supporting their constructive view on the stock despite the earnings miss.

Strong Execution in Food Delivery and Quick Commerce

Eternal continued to show strong operational execution across its core food delivery business and its fast growing Blinkit quick commerce arm, even as headline profit numbers missed Street estimates for the quarter.

Improving Blinkit Profitability

Blinkit’s path to profitability has been improving, a key swing factor for the overall Eternal investment case given how much capital the quick commerce business has consumed in recent years.

Easing Competitive Concerns

Competitive intensity in the quick commerce space appears to be easing somewhat, which brokerages view as supportive for pricing discipline and unit economics across the sector, benefiting Eternal’s Blinkit franchise.

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Short Term and 12 Month Price Outlook

Short Term Outlook 3 to 6 Months

Over the next three to six months, Eternal could see continued volatility in the Rs 260 to Rs 320 range as the market weighs the Q1 profit miss against improving Blinkit unit economics.

12 Month Analyst Target for 2026

The 12 month Eternal share price target from CLSA of Rs 506 implies more than 70 percent upside from the current price, reflecting strong long term conviction in the quick commerce and food delivery growth story despite the near term earnings miss.

Key Risks to the Target Price

Elevated Valuation Multiples

Eternal trades at a very high price to earnings multiple given its still developing profitability profile, which means the stock could see sharp corrections if growth or margin trends disappoint.

Quick Commerce Competitive Intensity

A renewed spike in competitive intensity from rival quick commerce players could pressure Blinkit’s path to sustainable profitability and delay the margin improvement brokerages are pricing in.

Regulatory and Gig Worker Cost Changes

Changes in gig worker regulations, delivery partner cost structures or local commerce policies could add cost pressure across Eternal’s food delivery and quick commerce operations.

How to Track Eternal Price and Rating Updates

Investors tracking analyst calls on Eternal can check live price movement, rating changes and quarterly result updates on the Univest platform. Use the Univest Screener to compare Eternal against other internet and quick commerce stocks on growth and valuation metrics. Setting alerts around the Rs 506 CLSA target and the Rs 368.45 52 week high can help investors react quickly to fresh brokerage commentary.

Download the Univest iOS App or Univest Android App to track Eternal live price and get daily stock recommendations.

Conclusion

The Eternal share price target of Rs 506 from CLSA highlights continued brokerage confidence in the company’s food delivery and Blinkit quick commerce businesses despite a Q1 profit miss. Long term investors may find the wide gap between the current price and the target attractive, though the stock’s elevated valuation multiple warrants caution. As always, consult a SEBI-registered advisor before making investment decisions.

FAQs on Eternal Rating and Target Price

What target price has CLSA set for Eternal?

Ans. CLSA has set a target price of Rs 506 for Eternal, the parent of Zomato and Blinkit, making it the most bullish brokerage on the stock despite a Q1 profit miss.

Why did Eternal miss Q1 profit estimates?

Ans. Eternal missed Q1 profit estimates even as it showed strong execution in food delivery and quick commerce, with brokerages attributing the miss to ongoing investment in Blinkit’s expansion.

Is Blinkit profitable yet?

Ans. Blinkit’s profitability has been improving according to brokerage commentary, a key factor supporting the bullish Eternal share price target despite the parent company’s overall Q1 profit miss.

What is the 52 week high and low for Eternal?

Ans. Eternal’s 52 week high is Rs 368.45 and its 52 week low is Rs 212.60, based on the past year of trading data.

Is Eternal a buy at the current price?

Ans. CLSA has a buy rating on Eternal with a Rs 506 target, implying significant upside from current levels. Investors should consult a SEBI-registered advisor before making investment decisions.

What are the main risks to Eternal’s target price?

Ans. Key risks include Eternal’s elevated valuation multiple, a potential resurgence in quick commerce competitive intensity, and regulatory changes affecting gig worker costs.

Where can I track Eternal’s live share price?

Ans. Investors can track Eternal’s live share price, analyst ratings and quarterly results on the Univest platform, along with tools like the Univest Screener for peer comparison.