Eternal unveils Dark.ai as nine brokerages rate Eternal stock

Published on 10/22/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies raised its target for Eternal stock to INR 430 after results. Profit reached INR 1.25 billion, up 92.30 percent in the second quarter.

Growth and expansion markers

Eternal reported 92.30 percent year-over-year profit growth on October 21, 2026.
Blinkit targets 3,500 stores by March 2027.
Eternal's market capitalization was INR 2.9 trillion as of October 22, 2026.

Eternal, INE758T01015, Illustration mit AI erstellt.

Eternal Limited (INE758T01015) unveiled its Dark.ai artificial intelligence platform on October 22, 2026, while its second-quarter profit had risen 92.30 percent year over year to INR 1.25 billion. Zee Business reported the platform launch and said nine brokerages maintained positive ratings after the results.

Dark.ai adds a new growth angle

The platform broadens Eternal's story beyond food delivery and quick commerce, but its commercial contribution remains tied to the planned rollout. The same report said Blinkit added 308 stores during the second quarter, taking its network to 2,751.

On October 21, 2026, Eternal reported INR 241.38 billion in revenue from operations for the second quarter of fiscal 2027, up 77.60 percent from INR 135.90 billion in the year-ago quarter. The Economic Times also reported that Blinkit's net order value rose 79.30 percent year over year to INR 209.40 billion.

What does expansion mean for margins?

The key test is whether faster store additions can support profitability. Blinkit's adjusted EBITDA reached INR 1.84 billion in the second quarter, compared with an adjusted EBITDA loss of INR 1.56 billion in the year-ago period, while its adjusted EBITDA margin reached 0.90 percent of net order value, according to Kotak Neo.

Chronology: on July 22, 2026, Eternal reported INR 202.11 billion in first-quarter revenue; on October 21, 2026, second-quarter revenue reached INR 241.38 billion; on October 22, 2026, Dark.ai was unveiled. The sequence shows a company pairing rapid operating growth with a new technology initiative.

Expansion dates are already set

Eternal expects Blinkit to cross 3,500 stores by March 2027 and has current plans pointing to 5,000 stores by March 2028. These milestones give investors two concrete checkpoints for judging the balance between scale, spending and profitability.

The latest available NSE quote was INR 309.85 at 12:52 p.m. IST on October 22, 2026. Eternal's market capitalization was INR 2.9 trillion as of October 22, 2026, and its 52-week range was INR 212.60 to INR 344.40.