Blinkit Could Break Even by Q4, Says Nomura for Eternal

Blinkit Could Break Even by Q4, Says Nomura for

•⭐ Positive Outlook: Nomura has maintained a Buy on Eternal with a revised target price of ₹370, implying a potential 12% upside. •🤝 Why the optimism? Blinkit, Eternal’s quick-commerce arm, may achieve EBITDA break-even by Q4, a key step towards sustainable growth. •📈 Stronger Margins Ahead: With improving operating leverage, focus on efficiency, and growing contribution from Blinkit, earnings visibility is set to improve. •🌐 Eternal’s strong positioning in the fast-growing quick commerce space gives investors confidence in long-term value creation.