Motilal Oswal reiterates Buy on Eternal, sees 34% upside on $1B EBITDA goal by FY29
Brokerage backs Rs 380 target citing three engines: 18-20% food delivery growth, Blinkit quick commerce scaling to 3,000 dark stores by March 2027, and District going-out. Targets $1B adjusted EBITDA by FY29 ($500M QC, $425M food delivery, $125M District).
Motilal Oswal reiterates Buy on Eternal (Zomato) with Rs 380 target, 34% upside, citing three growth engines: food delivery, Blinkit quick commerce, and District going-out business, backing a $1 billion EBITDA goal by FY29.