ETERNAL

Financial Outlook & Corporate Updates:

🔹 Eternal Ltd (formerly Zomato) — Latest Developments 1. Stock Performance: Eternal’s stock has been on an upward trend and recently touched a fresh 52-week high. The strong momentum is driven by improving fundamentals, particularly in its quick commerce arm, Blinkit, which continues to deliver high order growth and better profitability. 2. Institutional Activity: Global investment firms have been actively trading Eternal’s stock. Recently, Goldman Sachs sold a large stake through a block deal worth over ₹350 crore, while major institutional buyers like BofA Securities added positions. Despite the stake sale, investor sentiment remains bullish due to the company’s growth trajectory. 3. Blinkit Expansion: Blinkit is rapidly expanding its dark store network across Tier-1 and Tier-2 cities. The company has also introduced a new service category for household essentials and fresh produce delivery within 10–15 minutes, further strengthening its market leadership in quick commerce. 4. Financial Outlook: Analysts expect Eternal’s consolidated revenue and EBITDA margins to improve in FY26, supported by strong order volumes and reduced delivery costs. Management is targeting profitability at the group level sooner than expected, with Blinkit likely to turn EBITDA-positive in the next few quarters. 5. Corporate Updates: Eternal recently announced a new round of employee stock options (ESOPs) under its long-term incentive plan. This reflects confidence in future performance and is aimed at retaining key talent as the company scales up operations.