Fri May 02 04:20:00 UTC 2025: ## Eternal Stock Range-Bound Despite Strong Q4 Growth, Says Emkay

**MUMBAI** – Emkay Global Financial released a research report indicating that Eternal, a quick commerce company, delivered strong operating performance in Q4, with revenue growing 7.9% QoQ, exceeding estimates. This growth was driven by Quick Commerce (QC) and Hyperpure segments, offsetting a decline in Food Delivery due to weak demand and increased competition. While Blinkit, a subsidiary, showed robust 20.8% QoQ GOV growth, profitability remains a concern, with EBITDAM falling to -1.9%. Aggressive store expansion (294 net additions in Q4) and intense competition are contributing factors.

Despite the strong operational performance, Emkay predicts that Eternal’s stock price will remain range-bound in the near term due to continued competition and planned investments in scaling its “Going-out” segment. The firm maintains a BUY rating with a March 2027 target price of Rs 290, based on a discounted cash flow (DCF) model. Investors are cautioned to consult with financial experts before making any investment decisions.

This report comes alongside news of the Traders Gurukul’s “BOTS” options trading summit, a monthly event held across major Indian cities, offering a platform for retail option traders. Moneycontrol, the source of this report, also provides broader market coverage, including news on the Sensex, Nifty, and various other financial and business topics.

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