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Motilal Oswal reiterates Buy on Eternal, sees 34% upside on $1B EBITDA goal by FY29
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.
Reported figures
From the report. Source details below
| 3,000 dark stores by March | 2027 |
|---|
Also in the report
- 18-20% food delivery growth
- $425M food delivery EBITDA
- $125M District EBITDA by FY30
- Q4FY26 net profit Rs 174 crore (+346% YoY)
- Q4 revenue Rs 17,292 crore (+196% YoY)
Other figures
- $500M QC EBITDA