India's Eternal gains as Zomato, Blinkit margins improve in Q4

Eternal

29/04/2026 05:12

** Eternal ETEA.NS rises as much as 4.9% to 265.40 rupees; set to snap four sessions of losses

** Q4 margins for co's core food delivery and quick-commerce business improve as concerns over growth slowdown pause despite elevated competition

** Despite fears Iran war-driven fuel shock could hit delivery volumes, co says margins should remain intact unless fuel prices spike sharply

** Co sets targets of $1 billion in adjusted EBITDA from its consumer businesses by FY29, which Nomura believes is achievable through disciplined execution, focus on profitability

** Blinkit's growth slowed as order frequency, ticket sizes fell even as margins held; co sees segment to grow more than 60% annually

** Stock rated "buy" on avg; median PT is 360 rupees, per data compiled by LSEG

** YTD, ETEA down 9.4%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))