Eternal Share Price Jumps Nearly 5% on Strong Q4 Earnings; Should You Buy Zomato Stock? Check Target Price

Shares of Eternal Ltd surged nearly 5% in early trade on Wednesday, April 29, 2026, after the company delivered a stronger-than-expected Q4 FY26 performance. Investor sentiment turned positive as brokerages maintained a constructive outlook on the company's quick commerce and food delivery businesses, particularly Blinkit's improving unit economics.

Eternal Share Price Today After Q4 Earnings

At 9:29 AM, Eternal Ltd was trading at Rs 257.68 on the NSE, up 4.61 points or 1.82%. The stock opened at Rs 263.30 and touched an intraday high of Rs 265.40 before slipping to a low of Rs 254.00, indicating strong volatility even amid positive earnings sentiment.

Zomato Q4 Result: Eternal's Profit Jumps 71% YoY in Q4 FY26

The company reported a profit after tax (PAT) of Rs 174 crore in Q4 FY26, marking a sharp 71% increase compared to Rs 39 crore in the same quarter last year. On a sequential basis, profitability also improved significantly from Rs 102 crore reported in Q3 FY26, reflecting sustained operational momentum.

For the full financial year FY26, Eternal posted a consolidated profit of Rs 366 crore, highlighting a strong turnaround in earnings compared to previous periods.

Revenue Nearly Triples, Driven by Core Segments

Revenue from operations emerged as a key highlight for the quarter. Eternal's revenue surged 196% year-on-year to Rs 17,292 crore in Q4, compared to Rs 5,833 crore in the corresponding quarter last year. Sequentially, revenue also rose from Rs 16,315 crore in Q3 FY26.

The growth was driven by continued expansion in both food delivery operations and Blinkit's quick commerce business, which remains a key growth engine for the company.

Blinkit Shows Margin Improvement

Blinkit continued to show progress on profitability metrics. The contribution margin stood at 5.4% (compared to 5.5% in the previous quarter). Adjusted EBITDA margin came in at 0.3%, better than expectations of -0.2%, indicating improving operational efficiency.

Analysts also noted that Q4 FY27 PAT stood at Rs 1,740 million, rising 346% year-on-year, further strengthening the company's growth narrative.

Should You Buy Zomato Stock? Check Motilal Oswal's Recommendation & Target Price on Zomato Share

Despite moderating growth expectations in quick commerce, analysts remain optimistic about long-term profitability improvements and operating leverage.

"We largely keep our estimates unchanged. While QC growth is moderating to ~70% in FY27, we see this as a normalization with improving unit economics and a clearer path to profitability (USD1bn EBITDA by FY29). We factor in gradual margin expansion led by store maturity and operating leverage. Eternal should report a PAT margin of 2.4%/3.0% in FY27/28E," stated Motilal Oswal morning report.

"Our TP of INR340 implies a 34% upside from the current level. We reiterate our BUY rating on the stock," as per top brokerage firm Motilal Oswal.

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