Motilal Oswal retains Buy on Eternal and Arvind Fashions, sees up to 41% upside
The brokerage cited improving Blinkit quick-commerce economics for Eternal and healthy retail growth, a stronger D2C mix, sourcing efficiencies and premium-led margin expansion at Arvind Fashions. It values Eternal at Rs 400 and Arvind Fashions at Rs 620.
Motilal Oswal retained Buy ratings on Eternal and Arvind Fashions, citing Blinkit’s improving quick-commerce economics and Arvind’s healthy retail growth, stronger D2C mix, sourcing efficiencies and premium-product-led margin expansion.
Why this matters
The call follows reports that Blinkit added 200 stores as Q1 GOV rose 86%, Eternal's Q1 profit rose 3.7x, and management said discounting may ease as Blinkit turns EBITDA-positive.
Retail-company signals are accelerating, up +1,032,700% QoQ.