ICICI sets INR 425 target for Eternal stock after Q2 profit rises 92.3 percent
Published on 10/23/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOperating milestones and valuation
- ICICI Securities set an INR 425 target on October 22, 2026.
- Eternal reported INR 241.38 billion in Q2 FY27 revenue, up 77.60 percent year over year.
- Eternal had an INR 2.9 trillion market capitalization as of October 23, 2026.
Eternal (INE758T01015) received an INR 425 target from ICICI Securities on October 22, 2026, after reporting a 92.30 percent year-over-year increase in second-quarter profit, according to Moneycontrol. The company is listed on India's NSE under the ETERNAL.NS ticker, with ISIN INE758T01015, according to Global Banking and Finance.
Second-quarter growth meets a tax hurdle
Eternal's revenue from operations reached INR 241.38 billion in the second quarter of fiscal 2027, up 77.60 percent from the year-earlier period. Net profit rose to INR 1.25 billion from INR 650 million, while earnings before interest, taxes, depreciation and amortization increased 26.60 percent from the preceding quarter to INR 7.52 billion, reported The Economic Times.
Three catalysts since October 2026
On October 21, 2026, Eternal reported Q2 FY27 revenue of INR 241.38 billion and profit of INR 1.25 billion. Also on October 21, Motilal Oswal set an INR 420 target and retained its Buy rating, citing Blinkit NOV of INR 209.00 billion, according to Moneycontrol. On October 22, 2026, ICICI Securities maintained its Buy rating and an INR 425 target, according to Moneycontrol.
Dates for the Blinkit rollout
The next operating milestones are March 2027, when management targets 3,500 Blinkit stores, and March 2028, when it targets 5,000 stores, according to DSIJ.
What does the tax rate mean?
The earnings quality is more mixed than the headline profit growth suggests. Motilal Oswal said Q2 profit of INR 1.25 billion was below its INR 3.93 billion estimate because a higher tax rate followed the exhaustion of tax shields, while consolidated EBITDA came in at INR 7.50 billion versus an INR 8.50 billion estimate.
Market value and operating scale
Eternal was last quoted at INR 313.70 on the NSE on October 23, 2026 at 1:12 p.m. IST. Its market capitalization was INR 2.9 trillion on the same date, while Blinkit's quick-commerce NOV rose 79.30 percent year over year in Q2 FY27.
Eternal stock facts
- Company: Eternal Limited
- ISIN: INE758T01015
- Ticker: ETERNAL.NS
- Primary exchange: NSE
- Market capitalization: INR 2.9 trillion (as of October 23, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report BSE Sensex.
